According to GMGN market data cited by ChainCatcher, Trump Digital Gold (GOLD), a meme coin on the Solana network, saw its market cap plunge more than 95% within one minute. The latest data puts GOLD's market cap at $1.8 million. The token is centered on the 'Trump Digital Gold' narrative and was promoted through the @realtrumpcoins1 account. That account says it focuses on promoting and selling official Trump-related collectible coins and medals, and it claims to be an official partner of The Trump Organization. Because more details have not been disclosed, the crypto community widely doubts whether the token is genuine. Many users also suspect that the official account may have been hacked, which would mean the promotional content could be unauthorized. The sell-off erased nearly all of GOLD's value in about 60 seconds, according to the same data. No further details have been disclosed so far.
According to GMGN market data, Trump Digital Gold (GOLD), a Solana-based meme coin, lost more than 95% of its market capitalization in one minute. Its market cap now stands at $1.8 million.
GOLD is built around the 'Trump Digital Gold' narrative and was promoted through the @realtrumpcoins1 account. That account says it is dedicated to promoting and selling official Trump-related collectible coins and medals, and claims to be an official partner of The Trump Organization.
Few details have been made public so far. The crypto community broadly questions whether the meme coin is legitimate, and many suspect that the official account may have been compromised.
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