realtrumpcoins has denied rumors that Trump Coins issued, promoted, or authorized any digital token, calling the reports 'completely false' and blaming third-party malicious behavior. The team reiterated that Trump Coins has never authorized a digital token and never will, and that it is cooperating with law enforcement agencies while seeking legal recourse. The denial comes amid a report about the meme coin GOLD, created on Solana the prior day at 7:38 a.m. The address behind it controlled over 82% of the supply via token allocation and post-launch buying. Around 9 a.m., the Trump merchandise partner account @realtrumpcoins1 posted GOLD's contract address, sending its market cap to $66 million. By 11:48 a.m., the tweet was gone, and the address began a sell-off. GOLD's market cap fell from $55 million to $1 million within about 30 seconds. The same operators later sold all holdings, netting roughly 9,784.6 SOL, worth about $1.01 million at the time.
realtrumpcoins has pushed back against rumors that Trump Coins has launched, promoted, or authorized any digital token. In a statement, the team called the reports “completely false” and attributed them to third-party malicious behavior. Trump Coins, it stressed, has never authorized any digital token and never will. The team is now cooperating with relevant law enforcement agencies to investigate the matter and seeks to hold those responsible accountable.
The statement follows a report about the meme coin GOLD, which was created on Solana at 7:38 a.m. the previous day. The associated address controlled over 82% of the token supply through allocation and post-launch purchases. Around 9 a.m., the Trump merchandise partner account @realtrumpcoins1 posted a tweet containing GOLD's contract address, briefly pushing the token's market cap to $66 million. By about 11:48 a.m., the tweet was deleted, and the same address began dumping tokens. GOLD's market capitalization collapsed from $55 million to $1 million in roughly 30 seconds. The scam operators then continued selling, eventually unloading all their tokens for a total profit of approximately 9,784.6 SOL (about $1.01 million).
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