Trump Digital Gold Crashes 98% in Hours After $330,000 Rug Pull

NewsSat, 29 Aug 2026 06:11:10 UTC1 hour ago

Trump Digital Gold (GOLD) lost 98% of its value within hours of launching on Solana (SOL) Saturday. A verified merchandise account that Donald Trump follows promoted the token.

The token peaked above $50 million in market value early in the day. It now sits near $770,000, according to DexScreener. Blockchain analytics firm Lookonchain says wallets tied to the team sold first.

Trump Digital Gold (GOLD) Price Performance. Source: DexScreener

How the Trump Digital Gold Launch Unraveled

The promoting account, @realtrumpcoins1, holds a verification badge and 42,300 followers. Its bio calls it an official partner of the Trump Organization. Trump follows it. That signal alone gave the pitch weight.

Lookonchain, a firm that tracks wallet activity on public blockchains, flagged the supply structure early. The developer held 600 million GOLD, while 15 new wallets spent $18,657 on another 224.5 million.

realtrumpcoins(@realtrumpcoins1), which is followed by @realDonaldTrump, has launched a token called $GOLD.

Notably, the developer holds 600M $GOLD, and 15 newly created wallets spent $18,657 to buy 224.5M $GOLD.

The team currently controls 82.45% of the total supply.

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Trump Digital Gold Crashes 98% in Hours After $330,000 Rug Pull

How the Trump Digital Gold Launch Unraveled

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