Trump-Linked Merchandise Brand Deletes Promotions as GOLD Token Plunges 98%
Real Trump Coins deleted social posts promoting the GOLD token after insider wallets sold holdings and prices crashed 98%.
Merchandise platform Real Trump Coins promoted the GOLD token before scrubbing associated promotional posts from social media platform X. On-chain analysis revealed that team-linked wallets dumped approximately 224.5 million tokens shortly after the marketing drive, triggering a rapid price collapse.
The sudden selloff caused GOLD's market valuation to drop roughly 98%, prompting widespread accusations of an orchestrated exit scam. The association with political branding underscores the persistent volatility and reputational risks present in speculative meme-token ecosystems.
The sharp drawdown highlights the vulnerability of retail traders to aggressive celebrity- and brand-affiliated token promotions, reinforcing calls for enhanced transparency surrounding promotional disclosures.
Key takeaways
- Real Trump Coins promoted the GOLD token before deleting promotional posts.
- Related wallets sold 224.5 million tokens, crashing the price by 98%.
- The incident highlights ongoing risks within speculative meme-token markets.