GOLD, a meme coin on Solana, crashed more than 90% in a short period, according to a report from Odaily. On-chain data shows that a user who chased the token at a high price lost approximately $62,100 in a period of just seven minutes. The token was launched by the realtrumpcoins account, which has drawn attention from Donald Trump, as reported in earlier coverage. The project team holds about 82.45% of the total supply, which leaves the token's chip distribution highly concentrated. Odaily warned that GOLD's price swings are violent and advised users to be highly wary of FOMO sentiment and to carefully consider trading risks. The outlet pointed to the extreme concentration of holdings and the sharp price movements as key reasons for caution. The collapse came shortly after the token had briefly attracted buyers at elevated levels, and the on-chain data captured a user entering near the top before the rapid decline. This is the latest development in a token that had already raised concerns because of its ownership structure.
GOLD, a meme coin tied to the Solana ecosystem, crashed more than 90% in a very short stretch. On-chain data then showed something ugly: a user who bought the token near its peak took a loss of about $62,100 in just seven minutes.
As reported earlier, the GOLD token was launched by the realtrumpcoins account, which has drawn attention from Donald Trump. The team controls about 82.45% of the total token supply. Odaily warned that GOLD’s chips are heavily concentrated and that price swings are extreme. So users were reminded to watch out for FOMO sentiment and stay aware of trading risks.
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