Odaily Planet Daily reports, according to on-chain analyst Yujin, the perpetrators behind the Trump Digital Gold (GOLD) scam sold all 82.454% of their GOLD tokens two hours ago, profiting 9,784.6 SOL, worth approximately $1.01 million.
This token was created on Solana today at 7:38 AM; the scam operators control 82.454% of the token supply, or 824.54 million tokens, through token allocation and post-launch purchases.
At 9:00, the account @realtrumpcoins1, which Trump follows, posted a tweet containing the token address. The GOLD price surged rapidly, reaching a market cap of up to $66 million.
At 11:48, the related tweet was deleted, and the scam operator’s address began selling simultaneously. Within 30 seconds, the market cap of GOLD dropped from $55 million to $1 million, leaving all related investors in loss.
The scam operators then continued selling, liquidating their entire 82.454% token holding at 14:00, receiving 9,784.6 SOL, worth approximately $1.01 million. The market capitalization of the GOLD token dropped to $700,000, a decline of 99%.