Analysis: GOLD scam team pockets $1.01 million, sells off 82.45% of its tokens
1 hours ago
According to EmberCN monitoring, the Trump Digital Gold (GOLD) scam team sold all its holdings of GOLD tokens at around 2 PM today, totaling roughly 824.54 million tokens — accounting for 82.454% of the total token supply — for a cumulative profit of approximately 9,784.6 SOL (about $1.01 million). GOLD was created on Solana at 7:38 AM today; related addresses had already amassed over 82% of the token supply via distribution and post-launch buys. Around 9 AM, Trump merchandise partner account @realtrumpcoins1 posted a tweet including GOLD’s contract address, pushing the token’s market cap to a peak of $66 million. At roughly 11:48 AM, the tweet was deleted, and the linked addresses immediately began concentrated selling. GOLD’s market cap crashed from $55 million to $1 million in just 30 seconds, after which the scam operators continued offloading until all their tokens were sold. Currently, GOLD’s market cap stands at around $700,000, a 99% plunge from its peak.
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