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Crypto

Trump-Linked Token Trump Digital GOLD Collapses Amid Insider Control Concerns

Guavy AI Editorial Team
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SOL
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A token called 'Trump Digital GOLD' on the Solana blockchain has collapsed shortly after launch, sparking concerns about insider control and market manipulation.

The token was marketed through a brand linked to Donald Trump, Real Trump Coins, which promoted the launch before deleting related posts. However, the website continued to promote the token despite the deleted social media content.

According to blockchain analytics firm Lookonchain, the developer controlled 82.45% of the total supply at launch, raising red flags for traders. The analysis also revealed that a group of 15 newly created wallets acquired large amounts of GOLD and then sold all tokens shortly afterward.

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