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Crypto

Trader Loses $62,100 Chasing Trump-Linked Crypto Token in Seven Minutes

Guavy AI Editorial Team
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A recent incident highlighted the risks associated with crypto token launches, particularly those linked to prominent figures. According to Lookonchain, a trader lost $62.1K in just seven minutes while chasing the GOL token after its launch by realtrumpcoins1 and @realDonaldTrump.

The token's developer holds 600M GOL, and 15 new wallets spent $18,657 for 224.5M tokens. This means the team controls a significant 82.45% of the supply.

This has sparked concerns about crypto token risks and wallet loss analysis in Trump-linked token launches.

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