Real Trump Coins Disavows GOLD Token and Blames Third-Party Hackers
Real Trump Coins disavows GOLD token after unauthorized launch
Real Trump Coins, a brand linked to Donald Trump, has denied any involvement with a digital token called GOLD that recently appeared on its official platforms. The organization stated it did not authorize or promote the Solana-based token. Solana is a blockchain network used for creating and trading digital assets.
The brand is blaming "third-party bad actors" for the promotion. The GOLD token briefly appeared on the brand's X social media account and official website before those posts were removed. The organization says it is now working with authorities to investigate the matter.
Key facts of the token incident
- Real Trump Coins denied authorizing, launching, or promoting any digital token.
- The GOLD token was promoted on the brand's X account and the website RealTrumpCoins.com.
- Blockchain data shows a small group of wallets controlled most of the token supply.
- The brand has shifted its official web link to a new domain, TrumpCoins.com.
Official statement blames outside interference
In a statement released on X, Real Trump Coins declared it will not launch or authorize any digital token. The group distanced itself from the GOLD project, which collapsed shortly after it was promoted. The organization’s social media bio was updated to point toward a new website, though the original site still displayed the token promotion at the time of reporting.
On-chain data reveals high token concentration
According to the blockchain analytics platform Lookonchain, the GOLD token launch was highly concentrated. The developer and a group of newly created wallets reportedly controlled 82.45% of the total supply. Wallets are digital tools used to store and manage cryptocurrency.
Data shows that 15 wallets linked to the project team sold their holdings for approximately $330,000. This resulted in an estimated profit of $312,000 for those involved in the sales.
Uncertainty surrounds website and account security
It remains unclear how both the social media account and the website domain were compromised simultaneously. Observers noted that while the brand has moved to a new domain, it was still directing customers to the compromised website in official posts as recently as August 25. Additionally, Donald Trump continues to follow the Real Trump Coins account on X, where it is one of only 53 accounts he follows.
