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Crypto

Trump Digital GOLD Token Collapses Within Seconds of Launch

Guavy AI Editorial Team
Instruments
SOL
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A Solana-based cryptocurrency called Trump Digital GOLD token collapsed within seconds of launching, losing nearly all its value.

The token's brief market capitalization reached an estimated $66 million before plummeting to around $1 million in about 30 seconds.

The Real Trump Coins company, which operates under a licensing agreement with Donald Trump's brand, denied any involvement or authorization of the GOLD token.

The company attributed the incident to 'third-party bad actors' and stated it was cooperating with authorities.

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