The account that follows Donald Trump’s official profile announced the launch of a new token on Saturday. A few hours later, it was worth next to nothing, and the brand claims it never authorized it.
Key conclusions
- The Trump Digital GOLD token lost approximately 99 percent of its value within hours of launching on Solana.
- The developer and fifteen newly established wallets controlled 82 percent of the supply, a figure that analysts had publicly reported before the sell-off.
- The same wallets deposited $18,657 and left the market with approximately $330,000.
- The Real Trump Coins brand denies launching the token. Her website still advertised it.
On Saturday morning, the Real Trump Coins account announced the launch of the Trump Digital GOLD token on X and sent interested parties to its website. Donald Trump’s official profile follows this account to this day. A few hours later, the entries disappeared and the token was worth a fraction of what it was at the start.
Fifteen wallets and 82 percent of the supply
The distribution of emissions was calculated by Lookonchain before anything went wrong. According to Lookonchain’s findings, most of the tokens were held by the developer, and fifteen newly established wallets bought the rest for $18,657. Together, this amounted to 82 percent of the supply in one hand. The company made this number public and warned buyers.
Then these wallets sold everything for about $330,000. Lookonchain calculates this as seventeen times the deposit. The price dropped by 99 percent and the capitalization dropped, according to DEX Screener, from fifty million dollars to half a million.
The distribution of supply was public before anyone lost money.
Has this account really been compromised?
The Real Trump Coins brand denied this. In a statement on X, she wrote that she had not launched or authorized any digital token, attributed the promotion to “external bad actors” and declared cooperation with law enforcement agencies.
So who put the token in then? No one has determined this yet.
The brand is not accidental here. Trump recommended her publicly in 2024 when she sold commemorative medallions. As Cointelegraph found, the brand’s website, even after the denial, advertised GOLD and promised to buy the token from the fees collected. The X profile has meanwhile switched to another domain, but a few days earlier it was sending customers there.
The account takeover version explains the disappeared entries, but does not explain the page that left the promotion.
How to check supply concentration before purchasing
This pattern has been repeated for years. A handful of addresses hold almost all of the issuance and exit the market whenever they want. This is an auction where the seller has all the items and decides when to end it.
You can check it yourself and for free. Open the token scanner for a given network and enter the list of the largest holders. If a dozen or so addresses hold most of the supply and were created on the same day as the token, you have your answer.
How long does it take? Two minutes, and that’s before you spend your first penny.
At such a start-up, supply concentration is the only number that tells you anything, and it costs nothing.
In Poland, the same mechanism works without a token
The difference is technical. There, the victim had to be persuaded to make the transfer. Here she bought a token on the open market, convinced that she was taking something branded by a well-known name.
The GOLD promotion page was still online when the brand published a statement that it knew nothing about the token.
