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Trump-linked brand denies launching GOLD token
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Trump-linked brand denies launching GOLD token

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  • A Solana-based GOLD token collapsed about 99% after wallets linked by Lookonchain sold 224.5 million tokens.
  • GOLD’s market capitalisation fell from about US$50 million to US$500,000.
  • Real Trump Coins later denied launching or authorising the token, blaming “third-party bad actors”.

Real Trump Coins promoted the Trump Digital GOLD token before related posts were deleted, while GOLD’s market value fell about 99%.

Lookonchain said the developer held 600 million GOLD, while 15 new wallets bought another 224.5 million tokens.

“The team currently controls 82.45% of the total supply. Be cautious!” Lookonchain said.

The 15 wallets later sold 224.5 million GOLD for 3,178 Solana (CRYPTO:SOL), worth about US$330,000, according to Lookonchain.

GOLD’s market capitalisation then fell from about US$50 million to US$500,000, according to DEX Screener, while Lookonchain estimated the wallets made US$312,000.

Real Trump Coins later denied launching, promoting or authorising any digital token and blamed the GOLD promotion on “third-party bad actors”.

The brand had been publicly promoted by US President Donald Trump in 2024, while his official X account continues to follow the account that promoted GOLD.

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