Real Trump Coins denies GOLD token launch

Real Trump Coins denied launching or authorizing the Solana-based Trump Digital GOLD token on Aug. 29 after promotional posts appeared on its X account and associated website. Summary Real Trump Coins denied authorizing GOLD and attributed its promotion to unidentified third-party bad actors. GOLD lost approximately 99% after connected wallets sold 82.45% of the Solana token’s total supply. Onchain analysts estimated clustered wallets received 9,784.6 SOL, worth about $1.01 million during sales combined. Promotional posts appeared on the merchandise account and related website before the denial was issued. No U.S. regulator or law enforcement agency has publicly identified GOLD’s developers or wallet operators. The Trump-linked merchandise business blamed “third-party bad actors” for the promotion. It also said it was working with authorities to investigate the incident. No named law enforcement agency has publicly confirmed an investigation. “Trump Coins has not authorized and will not launch, promote, or authorize any digital token,” the company said on X. The denial followed a rapid token collapse and large sales from a concentrated group of wallets. However, neither blockchain ...