Trump-Themed Meme Coin Tanks 95% in Minutes as Traders Get Rugged: What Happened?
💰 A new meme coin, Trump Digital Gold (GOLD), surged in trading activity after being promoted on a Trump-linked X account, attracting significant attention despite red flags raised by on-chain analysts.
🚨 The developer controlled 82.45% of the total supply, leading to a rapid price drop of over 95% within minutes after promotional posts vanished, raising suspicions of a hack.
💸 The hacker reportedly made over $8.2 million from the incident, while 15 wallets that initially invested $18,657 profited approximately $312,000 from dumping their holdings.
💰 A new meme coin, Trump Digital Gold (GOLD), surged in trading activity after being promoted on a Trump-linked X account, attracting significant attention despite red flags raised by on-chain analysts.
🚨 The developer controlled 82.45% of the total supply, leading to a rapid price drop of over 95% within minutes after promotional posts vanished, raising suspicions of a hack.
💸 The hacker reportedly made over $8.2 million from the incident, while 15 wallets that initially invested $18,657 profited approximately $312,000 from dumping their holdings.