Trump-backed Real Trump Coins promotes GOLD before token collapses 99%
Real Trump Coins promoted GOLD token before deleting posts as team-linked wallets sold 224.5M tokens.
Real Trump Coins, a brand associated with former U.S. President Donald Trump, promoted a token called GOLD in social media posts that have since been deleted. The promotion preceded a steep decline in the value of the associated token.
According to on-chain data, wallets linked to the project team sold 224.5 million tokens as the market value of the realated asset fell by approximately 99%. The deletions and sell-off have raised questions about the timing of the promotion and the activities of insiders.
Rapid drop follows promotion
The token's market value collapsed shortly after the promotional posts were made. The 99% decline wiped out most of the gains for late buyers, while the team-linked wallets appear to have exited positions during the price drop.
- Real Trump Coins deleted X posts promoting GOLD
- Team-linked wallets sold 224.5 million tokens
- Market value fell about 99%
The incident adds to a pattern of celebrity-endorsed meme tokens experiencing rapid volatility and potential insider sell-offs. Investors remain cautious about tokens promoted by public figures, especially when promoters delete their endorsements after the fact.