A token called GOLD, briefly promoted on X by the Real Trump Coins account, collapsed by nearly 99% on August 29, 2026, just hours after its launch on the Solana blockchain. The team behind the project controlled 82.45% of the total supply, equivalent to 600 million tokens out of 800 million issued. Fifteen newly created wallets spent approximately $18,657 to acquire 224.5 million tokens, which they resold for roughly $330,000, generating a profit of about $312,000, or nearly 17 times their initial investment. The token’s market capitalization plummeted from approximately $50 million to just $500,000. Real Trump Coins, which claims to be an official partner of the Trump Organization, denied having launched or promoted the token, attributing it to third-party malicious actors.
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