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What happened in the first hours of the GOLD launch?

GOLD token was announced early Saturday on the X account of Real Trump Coins, a coin brand linked to Trump. The account urged users to buy via RealTrumpCoins.com, but according to blockchain analytics platform Lookonchain, the related posts were later deleted.

The Real Trump Coins website continued promoting GOLD up to the time of publication. The site said a 4% transaction fee would be charged and that 99% of those fees would be used for token buybacks, arguing that the asset aimed to rank among the top 10 cryptocurrencies by market capitalization.

On-chain distribution and trading flow

According to Lookonchain data, the developer wallet held 600 million GOLD. In addition, 15 newly created wallets accumulated 224.5 million tokens after spending a total of $18,657.

Lookonchain warned, “The team currently controls 82.45% of the total supply.”

Why did the price and market cap draw attention?

In a later analysis, the platform said those 15 wallets associated with the team sold all 224.5 million GOLD they held for 3,178 SOL. That amount was said to be worth roughly $330,000.

DEX Screener data showed the token’s market capitalization quickly dropped from about $50 million to $500,000. Lookonchain said the wallets in question made about $312,000 in profit, roughly 17 times their initial investment.

Key market takeaways

  • A large share of the supply being held in a small number of wallets raised concerns about liquidity and price discovery.
  • The deletion of promotional posts intensified debate over the token’s legitimacy and whether the account had been compromised.

Trump link and regulation debate

Donald Trump had previously promoted his silver medallions in September 2024 and presented RealTrumpCoins.com as the only place to buy them. However, the website said the products are not made, distributed or sold by the Trump Organization.

After the GOLD promotion, some crypto observers said the account may have been compromised; Solana community member Fabiano.sol said the account had been hacked, while on-chain analyst EmberCN described the project as fraudulent. The episode has added a new layer of scrutiny as debate continues over crypto ventures backed by the Trump family and proposed U.S. rules for digital asset oversight.

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