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Crypto

Trump Digital Gold Cryptocurrency Implodes After Scammer's Rug Pull

Guavy AI Editorial Team
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SOL
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A new cryptocurrency called Trump Digital Gold ($GOLD) was recently launched on Solana, but its market value plummeted after scammers sold their entire stake.

The token peaked at a $66 million market cap before the rug pull wiped out 99% of its value.

According to the blockchain news outlet, Trump Digital Gold controllers accumulated an astonishing 824.54 million tokens and leveraged a post from @realtrumpcoins1 at 9 a.m. to drive prices higher until the tweet vanished at 11:48 a.m., triggering coordinated selling.

The market cap dropped from $55 million to $1 million in just 30 seconds, leaving buyers trapped with significant losses.

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