Trump-Linked Account Promotes 'GOLD' Token Before It Crashes to Zero

A crypto token called GOLD was hyped by a Trump-connected account, then collapsed, wiping out investors while a few insiders profited.

A cryptocurrency token called GOLD suddenly collapsed after being promoted by an account linked to Donald Trump — leaving regular buyers with big losses.

The token was hyped by an account tied to "Real Trump Coins," a brand that Donald Trump had publicly promoted back in September 2024. Shortly after the hype, the token crashed.

This kind of collapse is called a "rug pull" (when the people behind a crypto project suddenly pull out their money and disappear, leaving other investors with worthless tokens).

Here are the key facts:

A blockchain tracking service, Lookonchain, said certain wallets made about $312,000 in profit — roughly 17 times their starting money.
The GOLD promotion posts were quickly deleted from X (formerly Twitter), raising suspicion.
Some analysts believe the Real Trump Coins account was hacked, while others called GOLD an outright scam.
One user even claimed Iranian hackers were behind a "fake Trump launch," though this is unverified.

Importantly, the Real Trump Coins website states its products are not made or sold by the Trump Organization itself.

This event adds to growing concern about Trump-linked crypto projects. The Trump family has backed several ventures, including the Official Trump (TRUMP) memecoin (a joke-style crypto coin with no real product behind it) and a company called World Liberty Financial.

Critics worry about a conflict of interest (when someone makes rules for an industry they personally profit from), since Trump is also pushing Congress to pass the CLARITY Act — a proposed law that would decide how crypto is regulated in the US. The White House has denied any wrongdoing.

Bottom line: Beginners should be very careful with tokens promoted by celebrities or through social media hype. These "pump and dump" style coins can rise fast and crash to near-zero in minutes, and only a handful of insiders usually walk away with the profits.

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/news/trump-linked-account-list-gold-token-crash?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound