Solana's Trump Digital Gold Token Crashes 99% Amid Allegations of Rug Pull

The Solana-based Trump Digital Gold (GOLD) token saw a massive collapse of over 99%, sparking accusations of a rug pull. Traders claim that the project's promotional account was compromised, allowing it to artificially inflate the token's value before crashing.

The token quickly reached a market cap of nearly $60 million before plummeting to around $600,000 in just a few minutes. This sudden drop has left investors questioning the legitimacy of the project and its intentions.

Details surrounding the compromised account are still unclear, but traders are warning others to exercise caution when dealing with new projects.