$60M → $1.8M. What just happened to $GOLD?
Trump Digital Gold ($GOLD) launched on Solana and quickly attracted massive attention after being promoted by an account linked to Trump-themed collectibles.
Within roughly two hours, its market cap reportedly crossed $60M.
Then came the collapse.
$GOLD reportedly lost more than 95% of its market value in about one minute. The promotional posts were later deleted, adding even more uncertainty around the launch.
But the on-chain activity is what caught my attention.
15 newly created wallets allegedly linked to the project sold around 224.5M GOLD for roughly 3,178 SOL, with estimated profits of around $312K.
Hack? Insider selling? Something else?
There’s still no verified answer.
#Solana #Memecoin #GOLD
Trump Digital Gold ($GOLD) launched on Solana and quickly attracted massive attention after being promoted by an account linked to Trump-themed collectibles.
Within roughly two hours, its market cap reportedly crossed $60M.
Then came the collapse.
$GOLD reportedly lost more than 95% of its market value in about one minute. The promotional posts were later deleted, adding even more uncertainty around the launch.
But the on-chain activity is what caught my attention.
15 newly created wallets allegedly linked to the project sold around 224.5M GOLD for roughly 3,178 SOL, with estimated profits of around $312K.
Hack? Insider selling? Something else?
There’s still no verified answer.
#Solana #Memecoin #GOLD
