Barron Trump Had Nothing to Do With the Solana-Based DJT Token, UMA Voters Decide

Bettorswageredmorethan$1milliononwhether“apreponderanceofevidencesuggeststhatBarronTrumpwasinvolvedinthecreationoftheSolanatoken$DJT.”

CryptobettorsonPolymarketwageredmorethan$1milliononwhether“apreponderanceofevidencesuggeststhatBarronTrumpwasinvolvedinthecreationoftheSolanatoken$DJT.”TheoddsthatBarron,thesonofpresumptiveRepublicanpresidentialnomineeDonaldTrump,wasinvolvedwiththetoken’slaunchtoppedoutat60%onJune20.Butthoseoddsquicklycratered,asevidenceofhisinvolvementfailedtomaterialise.ThequestionofBarron’sinvolvementwassenttoUMA,aprotocolthataimstosettledisputesviatoken-basedvoting.OtherentitiesthatuseUMAincludeDAOvotingplatformSnapshot,cryptoinsurerSherlock,andEthereumstakingresearchwebsiteRated.UMAvotersonMondayoverwhelminglyagreedthata“preponderanceofevidence”availableonJune23didnotsuggestBarron’sinvolvement.“Ibelievethatourvotersdidwellandactedhonestly,”UMAfounderHartLamburtoldDLNews.“Thiswasambiguousandvotersthoughta‘NO’answerwastheleastbadanswerinadifficultsituation.”ThedecisionwaskickedtoUMAafterPirateWires,apublicationfocusedontechnologyandpolitics,postedonXlastweekthat“Trumpislaunchinganofficialtoken—$DJTonSolana,”citing“conversations.”“Barronspearheading,”itadded.TrumpspokespeoplenevercommentedonDJT,raisingquestionsabouttheaccuracyofthereport.Bettorskepticismledthemtoquicklycreatetwobettingmarkets:“Is$DJTreal?”And“WasBarroninvolvedinDJT?”TheformeraskedbettorstowagerwhethertheDJTtokenwasgenuinelycreatedbyTrump,byamemberofhisfamily,orbyhisstaff.FormerpharmaceuticalexecutiveandhedgefundmanagerMartinShkreliquicklyemergedastheloudestsupporterofthetheorythatsomeoneinTrump’sorbitwasinvolvedinthelaunchofDJT.“AnotherTrumpinsider,moreinsiderthanme.Alotmorecoming,”ShkrelisaidonX,linkingtoapost,nowdeleted,fromBoLoudon,aself-described17-year-oldTrumpactivist,thatsaid:“DJTISTHEONLYREALTRUMPTOKEN.”Shkrelilateracknowledgedhewas“partoftheteam”behindthetoken,buthemaintainsthatitwasacollaborativeeffort.SpeakingonaliveforumhostedbycryptoinfluencerMarioNawfalonXlastWednesday,ShkrelialsoclaimedthatBarronTrumpholdsthemajorityoftokensandisthesolebeneficiaryoftheproject.AninsiderwithdirectknowledgeofdecisionssurroundingtheTrumpcampaigntoldDLNewsthatthecampaignwasnotinvolvedintheproject.PirateWiresfounderandeditor-in-chiefMikeSolanadefendedhisreportingonapodcastonFriday.“Iknow,assureasIcanpossiblybe,thatBarronTrumpisinvolvedinthis,”hesaid.“Idon’tknowtheextenttowhichthereis,perhaps,warringfamilystuffbehindthescenes,Idon’tknowifMartinisthereasonthatBarronisinvolved,”Solanacontinued.“Icanonlytellyou,frommypointofview,thatthesonofthepresident,oftheformerpresidentDonaldTrump,wasinvolvedinthecreation—certainlythedistributionandthepromotingofthiscoin.”

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