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Crypto

Trump Digital Gold Token Collapses 98% in Hours Amid Suspected Rug Pull

Guavy AI Editorial Team
Instruments
SOL
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A new Solana-based token called Trump Digital Gold (GOLD) crashed by nearly 98% within hours of its launch, falling from a market value above $50 million to around $770,000.

The token's collapse came after blockchain analysts flagged wallets linked to the token's launch that appeared to accumulate a large share of GOLD before selling their holdings shortly afterward.

A verified account claiming an association with the Trump Organization had promoted the token, potentially giving it additional credibility among buyers.

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