A token promoted via a compromised Trump-linked account soared to $60M before crashing 99% in minutes. Insider wallets held 82% of supply, Coinpedia reported.
Gold.com, Inc. currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Trump Digital Gold (GOLD) token crashed more than 99% after reaching a market capitalization of nearly $60 million, according to Coinpedia. The token's value collapsed to roughly $600,000 in minutes.
The trouble started on August 29, 2026, when the realtrumpcoins1 X account, linked to the Trump Organization's merchandise business and followed by Donald Trump's main account, posted about GOLD and claimed the Trump Foundation backed it. The post was later deleted.
On-chain data showed that wallets tied to the launch controlled about 82.45% of the total GOLD supply. After the crash, 15 newly created wallets sold roughly 224.5 million GOLD tokens through decentralized exchanges, generating about 3,178 SOL, or approximately $330,000.
Traders accused the project of a coordinated rug pull. The incident again raised concerns about crypto projects using the Trump name without official authorization. Coinpedia reported that Eric Trump had previously warned that unauthorized tokens claiming links to the Trump family should be treated as fraud.
The GOLD token is distinct from the existing official TRUMP and MELANIA tokens, which have different structures and token schedules.
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