PANews, August 29: According to on-chain analyst Yujin, the operators of the Trump Digital Gold ($GOLD) scam sold their entire holdings of 82.454% of $GOLD tokens two hours ago, netting a total profit of 9,784.6 SOL ($1.01 million). The $GOLD token was created on Solana at 7:38 AM today, and the scam operators acquired control of 82.454% (824.54 million tokens) through initial allocation and post-launch purchases. Around 9:00 AM, the official Trump account @realtrumpcoins—a partner account for Trump merchandise—posted a tweet containing the token’s address. The price of $GOLD surged rapidly, reaching a peak market capitalization of $66 million.
GOLD Token scam executives sell 82.454% of the supply for $1.01M; market cap crashes 99% to $700K
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Summary
GOLD Token scam executives sold 82.454% of the supply for $1.01M, causing the market cap to plummet 99% to $700K. The Trump Digital Gold ($GOLD) scam team sold 824.54 million tokens in two hours, earning 9,784.6 SOL ($1.01M). The token launched on Solana on August 29, 2026, with the scam team holding the majority of the supply. A tweet from realtrumpcoins at approximately 9:00 AM triggered a price surge, pushing the token’s market cap to $66 million before crashing to $700K. Traders are now monitoring altcoins for similar risks.
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