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Real Trump Coins Denies Role in Trump Digital GOLD Promotion and Collapse

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SOL
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Real Trump Coins has denied any involvement in promoting or authorizing Trump Digital GOLD, a Solana-based token that has recently collapsed.

In an X post on Saturday, the company attributed the promotion to 'third-party bad actors' and stated that authorities were involved in determining what had happened.

Blockchain analytics platform Lookonchain reported that 82.45% of the total supply of GOLD was held across a developer wallet and newly created addresses before the sell-off.

The firm also found that 15 team-associated wallets subsequently offloaded their tokens for about $330,000, booking an estimated profit of $312,000.

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