Trump-Linked Altcoin GOLD Plummets to Zero Overnight After Sharp Price Increase

A new altcoin called GOLD, launched within the Solana ecosystem under the theme 'Trump Digital Gold,' rapidly lost nearly all its value after a sharp price increase in a short period.

The token's launch from an official social media account linked to Donald Trump initially generated significant interest. However, claims emerged that the account may have been hacked.

GOLD reached a market capitalization of over $60 million within approximately two hours of its launch but subsequently declined rapidly, falling to around $1.8 million in just one minute after selling pressure intensified.