HuoXing Finance reports that, on August 29, according to EmberCN monitoring, the Trump Digital Gold (GOLD) scam team sold all of its held GOLD tokens this afternoon around 2:00 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). GOLD was created on Solana at 7:38 AM today, and the related addresses controlled over 82% of the tokens through initial distribution and post-launch purchases. Around 9:00 AM, the official Trump merchandise partnership account @realtrumpcoins1 posted a tweet containing the GOLD contract address, causing the token’s market cap to spike 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 fallen to approximately $700,000, a 99% decline from its peak.
GOLD scam team profits $1.01M, sells 82.45% of tokens in 30 seconds
MarsBitShare
Summary
On-chain data reveals that the Trump Digital Gold (GOLD) scam team sold 824.54 million tokens (82.45% of the total supply) in 30 seconds, earning 9,784.6 SOL ($1.01 million). The token launched on Solana at 7:38 AM, with the scam group holding over 82% due to early purchases. A tweet from @realtrumpcoins1 at 9 AM pushed the market cap to $66 million before a rapid sell-off. On-chain analysis shows the market cap plummeted from $55 million to $1 million in 30 seconds, then further dropped to $700,000—a 99% decline from its peak.
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