Trump Digital Gold (GOLD) lost 98% of its value within hours of launching on Solana Saturday. A verified merchandise account followed by Donald Trump promoted the token, lending it apparent credibility. The token peaked above $50 million in market value before crashing to around $770,000. Wallets tied to the team sold first, pocketing approximately $312,000 in profit. Eric Trump had denied any new token rumors a week earlier, calling it fraud.
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