Real Trump Coins Denies Role in GOLD Token as Team-Linked Wallets Sell Holdings

Real Trump Coins said it had no role in launching, promoting, or authorizing Trump Digital GOLD, distancing itself from the Solana-based token after it appeared across its online presence and subsequently collapsed.

In an X post on Saturday, Real Trump Coins attributed the promotion to “third-party bad actors” and said authorities were involved as it worked to determine what had happened.

Lookonchain Flags Concentrated GOLD Holdings

Blockchain analytics platform Lookonchain reported that, before the sell-off, 82.45% of GOLD’s total supply was held across the developer wallet and newly created addresses.

The firm also said 15 of those wallets, which it identified as being associated with the team, subsequently offloaded their tokens for about $330,000, booking an estimated profit of $312,000.

Meanwhile, questions over the token’s promotion centered on its appearance across multiple Real Trump Coins online platforms. For context, on Saturday, GOLD appeared in promotional posts on the company’s X account, which pointed users to RealTrumpCoins.com. The website also featured the token. However, the X posts were later deleted.

Crypto observer Rune subsequently questioned how both the X account and the domain could have been compromised.

Real Trump Coins Domains Raise Further Questions

The Real Trump Coins X account now links to TrumpCoins.com, a separate domain. However, the account had directed users to RealTrumpCoins.com as recently as Aug. 25 in a post that remained online at the time of publication. 

RealTrumpCoins.com also continued to display the GOLD promotion at the time of publication.

Separately, Trump continued to follow the Real Trump Coins X account, one of 53 accounts he followed on the platform.