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  • PoliFi Tokens Return to Business After Proof of DJT-Trump Link Fails to Materialize
  • Crypto

PoliFi Tokens Return to Business After Proof of DJT-Trump Link Fails to Materialize

cryptovert June 26, 2024 2 min read
  • PoliFi
    tokens
    are
    back
    in
    the
    green
    after
    no
    credible
    evidence
    emerged
    that
    the
    Trump
    campaign
    or
    his
    family
    is
    involved
    with
    the
    DJT
    token.

  • Martin
    Shkreli
    continues
    to
    claim
    there
    was
    involvement.

So-called
PoliFi
tokens
such
as
TRUMP,
TREMP
and
Boden
have
recouped
their
losses
after
a
slate
of
denials
from
people
in
Donald
Trump’s
orbit
–
but
not
the
campaign
itself
–
regarding
any
official
connection
between
the
DJT
token
and
the
Republican
presidential
hopeful.

CoinGecko
data
shows
that

TRUMP
,
the
first
major
token
in
the
sector
that
matches
financial
instruments
with
political
themes,
has
gained
24%
in
the
past
24
hours,
while
its
Solana
counterpart

TREMP

added
20%,
and
the
Joe
Biden-themed

BODEN

is
well
in
the
green
climbing
over
45%.

The
entire
PoliFi
sector
has
risen
14%,

market
data
indicate.

The
increases
likely
result
from
a
market
consensus
that
the
DJT
token
does
not
have
a
connection
to
the
former
president’s
campaign
nor
to
his
family.

A
Polymarket
contract
asking
if
DJT
“is
real”
resolved
to
No,
but
that

outcome
is
currently
being
disputed
.
Other
contracts
asking
if
Trump’s
son

Barron
Trump

had
some
involvement
also
resolved
to
No,
but
they
are

going
through
that
same
dispute
process
.

Despite
this,
the
DJT
token

added
more
than
30%

in
the
last
24
hours.

An

investigation
by
ZachXBT

concluded
that
Martin
“Pharma
Bro”
Shkreli,
a
convicted
felon,
was
behind
the
token,
which

Shkreli
confirmed

–
though
he
continues
to
claim
that
Barron
Trump
also
participated
in
the
project.

While
the
Trump
campaign
has
not
officially
commented
on
the
DJT
token,

DL
News
reported

that
insiders
say
there
is
no
official
involvement.

Roger
Stone,
a
Republican
political
consultant
and
ally
of
Trump,

also
said
there
was
no
official
involvement
,
and
that
Barron
was
also
not
involved.

Edited
by
Sheldon
Reback.

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