ChainCatcher report, according to EmberCN monitoring, the Trump Digital Gold (GOLD) scam team sold all of their held GOLD tokens this afternoon around 2 PM, totaling approximately 824.54 million tokens, or 82.454% of the total supply, accumulating profits of about 9,784.6 SOL (approximately $1.01 million). It is reported that GOLD was created on Solana at 7:38 today, and related addresses controlled over 82% of the tokens through token allocation and post-launch purchases. Around 9 AM, the official Trump merchandise partnership account @realtrumpcoins1 posted a tweet containing the GOLD contract address, causing the token’s market cap to surge briefly to $66 million. Around 11:48 AM, the tweet was deleted, and the related addresses immediately began large-scale selling. Within approximately 30 seconds, GOLD’s market cap plummeted from $55 million to $1 million. The scam operators continued offloading their holdings until all tokens were sold. Currently, GOLD’s market cap has dropped to approximately $700,000, a 99% decline from its peak.
GOLD scam team profits $1.01M, sells 82.45% of tokens
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Summary
Altcoins to watch saw a major scam unfold with Trump Digital Gold (GOLD). The scam team sold 824.54 million tokens (82.45% of the total supply) around 2 PM, earning 9,784.6 SOL ($1.01 million). The token was launched on Solana at 7:38 AM, with the scam group controlling the majority of the supply. Around 9 AM, the @realtrumpcoins1 account shared the contract, pushing the market cap to $66 million. The tweet was deleted by 11:48 AM, followed by a rapid sell-off. Within 30 seconds, the market cap plummeted to $1 million. The scam team continued selling until all tokens were liquidated. GOLD’s market cap is now $700,000, down 99% from its peak. Fear and Greed Index levels may indicate similar risks for other tokens.
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