$GOLD RUGGED: Trump-Linked Solana Token Crashes 99%
$GOLD (Trump Digital Gold) surged to nearly $62M market cap before collapsing to around $150K.
The Realtrumpcoins1 account, followed by Donald Trump, promoted the token. On-chain data showed the developer held 600M $GOLD, while 15 newly created wallets bought 224.5M tokens for $18,657. Together, the team controlled ~82.45% of supply.
Those wallets later sold for ~3,178 $SOL ($330K), reportedly making ~$312K profit, around 17x.
The promotional posts were deleted, and a trader reportedly lost $62.1K in just 7 minutes.
Notably, Eric Trump had warned days earlier that the family was NOT launching any new coin.
Key Lesson: Never FOMO into viral crypto launches. Always check wallet concentration, liquidity, contract activity and official confirmation first.
$GOLD (Trump Digital Gold) surged to nearly $62M market cap before collapsing to around $150K.
The Realtrumpcoins1 account, followed by Donald Trump, promoted the token. On-chain data showed the developer held 600M $GOLD, while 15 newly created wallets bought 224.5M tokens for $18,657. Together, the team controlled ~82.45% of supply.
Those wallets later sold for ~3,178 $SOL ($330K), reportedly making ~$312K profit, around 17x.
The promotional posts were deleted, and a trader reportedly lost $62.1K in just 7 minutes.
Notably, Eric Trump had warned days earlier that the family was NOT launching any new coin.
Key Lesson: Never FOMO into viral crypto launches. Always check wallet concentration, liquidity, contract activity and official confirmation first.
