A newly launched Solana token branded as Trump Digital GOLD experienced a rapid rise and near-total collapse on Saturday, losing almost all of its value within hours of promotion by an X account tied to a Trump-linked collectibles brand. Blockchain analysts reported that wallets connected to the project sold large portions of the supply for roughly $330,000 in profit, while the promotional posts were subsequently removed.

Launch and Sudden Surge

The token, trading under the ticker GOLD, appeared early Saturday when the Real Trump Coins X account announced its launch and directed followers to the brand’s website to purchase it. The account is associated with Real Trump Coins, a brand that US President Donald Trump publicly promoted in September 2024 in connection with silver medallions. Trump’s official account follows the Real Trump Coins handle. The website continued to advertise GOLD after the launch, describing a 4% trading fee with 99% of fees allocated to buybacks in an effort to elevate the token into the top 10 by market capitalization.

Interest built quickly. Market data showed the token’s capitalization climbing into the range of $50 million to more than $60 million within roughly two hours. One report placed the peak near $66 million. Trading volume accelerated as users responded to the association with the Trump-linked brand.

Concentrated Holdings and Rapid Sell-Off

Blockchain analytics platform Lookonchain flagged the token shortly after launch. Analysts noted that the developer wallet held 600 million GOLD tokens while 15 newly created wallets spent approximately $18,657 to acquire an additional 224.5 million tokens. Combined, these holdings represented about 82.45% of the total supply. Lookonchain advised caution given the concentration.

Later tracking showed the same 15 wallets sold their entire 224.5 million GOLD holdings for 3,178 SOL, valued at about $330,000 at the time. The sales generated an estimated $312,000 profit, or roughly a 17-fold return on the initial outlay. Following the disposals, GOLD’s market capitalization fell sharply from the $50 million range to around $500,000, representing a decline of nearly 99%. Intermediate reports described a drop of more than 95% within a single minute at one stage, with the capitalization sliding to roughly $1.8 million before declining further.

DEX Screener data confirmed the steep decline in value. Additional on-chain observations indicated that addresses linked to the project continued to hold significant remaining tokens after the initial sales, underscoring the concentrated ownership structure.

Deleted Posts and Speculation Over Account Control

Promotional posts about GOLD on the Real Trump Coins X account were deleted after the launch. A subsequent message stating “More to come, invest and wait” was also removed. The sudden deletion of all related content prompted widespread discussion in crypto communities about whether the account had been compromised.

Community members suggested the Real Trump Coins account may have been hacked. One on-chain analyst described the token as a scam. Claims circulated that Iranian hackers were responsible, drawing on earlier unverified media reports about Iranian state television discussing methods of contacting members of the Trump family. These allegations have not been independently confirmed. A later post attributed to the alleged attacker claimed more than $8.2 million in profits from the launch and stated the funds would support a bounty targeting relatives of the president; that message was also deleted.

No confirmation of the token has come from the Trump family or The Trump Organization. The Real Trump Coins website states that its products are not manufactured, distributed, or sold by the Trump Organization. The brand’s association with Trump stems from the 2024 promotion of physical collectibles rather than any direct endorsement of digital tokens.

Broader Context of Trump-Associated Crypto Activity

The episode occurs amid ongoing attention to various crypto projects that have used the Trump name. Trump and members of his family have previously been linked to other digital assets, including the Official Trump memecoin. The White House has denied any impropriety in related matters. The GOLD incident has added to questions about the legitimacy of tokens promoted through accounts or brands connected to the president’s orbit, particularly when posts are later removed and supply remains heavily concentrated among a small number of wallets.

As of the latest available data, GOLD continued to trade at a fraction of its early peak, with market capitalization in the low hundreds of thousands of dollars. The sequence of concentrated ownership, rapid sales by linked wallets, promotional activity from a Trump-followed account, and subsequent deletion of posts has left the project’s origins and control under scrutiny within the Solana trading community.