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Crypto

Trump-Linked Coin Crashes Nearly 99% After Team-Sold Tokens

Guavy AI Editorial Team
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A cryptocurrency linked to former US President Donald Trump's name has experienced a sharp decline in value. Real Trump Coins, which was promoted on social media platforms, saw its value plummet by nearly 99% after wallets associated with its team sold around $330,000 worth of the token.

The transactions, which were reported on X, occurred following a promotional campaign for another asset called GOLD. The timing has raised questions about whether the promotion was linked to the subsequent sale of Real Trump Coins tokens.

The incident highlights the risks associated with concentrated token holdings and large wallet transactions in thinly traded cryptocurrency markets.

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