crypto
Trump-Linked GOLD Token Crashes 99% After $1M Dump
The Trump Digital Gold (GOLD) token on Solana crashed 99% from its peak after wallets controlling 82.45% of the supply sold holdings for $1.01 million.
The Trump Digital Gold (GOLD) token experienced a significant crash, plummeting 99% from its peak value. This sharp decline followed the sale of holdings by wallets that controlled a substantial portion of the token's supply, according to a report by Crypto.news.
On-chain analyst EmberCN reported on August 29 that wallets holding 82.45% of the Solana token's supply sold their holdings, generating approximately $1.01 million. This large-scale sell-off is directly linked to the token's dramatic price drop.
For readers tracking Solana , this development can help frame the wider market context.
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