Trump Digital Gold Token Crashes 99% in Suspected Rug Pull on Solana
TLDR
- Trump Digital Gold (GOLD) launched on Solana and peaked at a $66 million market cap before crashing 99% in roughly 30 seconds
- Wallets controlling 82.45% of the token supply sold their entire holdings for approximately $1.01 million in Solana
- A verified X account linked to Trump merchandise promoted the token, but no Trump family member authorized it
- Eric Trump had denied any new coin launch just one week before, calling similar rumors a fraud
- The collapse mirrors previous politically branded token schemes on Solana
A token called Trump Digital Gold launched on the Solana blockchain Saturday morning and lost nearly all of its value within hours. On-chain analysts linked the crash to a small group of wallets that sold most of the token supply into retail demand.
⚠️ ALERT: Trump-linked account appears to have been HACKED to promote a “Trump Digital Gold” rug pull.
A post promoting $GOLD appeared on ‘realtrumpcoins1,’ an account followed by the official Trump account and linked as a merchandise partner to the Trump Organization.$Gold… pic.twitter.com/pt8XhkdgJz
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