Real Trump Coins denies launching GOLD after token collapse

Real Trump Coins has denied launching, promoting or authorizing the Trump Digital GOLD token that briefly appeared across its online presence before collapsing, blaming the promotion on “third-party bad actors.”

The denial came after the Real Trump Coins X account promoted the Solana-based token on Saturday and directed users to RealTrumpCoins.com, where GOLD was also advertised. The X posts were later deleted, while the account now links to a separate domain, TrumpCoins.com.

“Trump Coins has not authorized and will not launch, promote, or authorize any digital token,” Real Trump Coins said in an X post on Saturday, adding that it was working with authorities to investigate the matter.

The statement follows a highly concentrated GOLD launch, with Lookonchain reporting that the developer and newly created wallets controlled 82.45% of its supply. According to the blockchain analytics platform, 15 wallets linked to the team sold their holdings for about $330,000, making an estimated $312,000 profit.

The involvement of both the X account and RealTrumpCoins.com confused crypto observers, with X user Rune questioning how both the account and the domain could have been compromised.

While the Real Trump Coins X account bio linked to TrumpCoins.com, the account was still directing customers to RealTrumpCoins.com as recently as Aug. 25 in a post that remained online at the time of publication.