Real Trump Coins Denies Launching Scam Token Amid Concentrated GOLD Distribution

Real Trump Coins has denied any involvement in promoting the Solana-based Trump Digital GOLD token after it briefly appeared on their online presence before collapsing.

The company claims that the promotion was carried out by 'third-party bad actors' and not authorized by them.

A recent launch of the GOLD token saw a highly concentrated distribution, with Lookonchain reporting that the developer and newly created wallets controlled 82.45% of its supply.

The same analytics platform revealed that 15 wallets linked to the team sold their holdings for about $330,000, making an estimated $312,000 profit in the process.