Trump-Themed Memecoin GOLD Rug Pull: Scammers Dump Entire Holdings for $1M Profit

BitcoinWorld Trump-Themed Memecoin GOLD Rug Pull: Scammers Dump Entire Holdings for $1M Profit A scam group behind the Trump-themed memecoin Trump Digital Gold (GOLD) has sold its entire token holdings, netting approximately 9,784.6 SOL ($1.01 million) in profit, according to blockchain analytics firm AmberCN.

The token was issued on Solana and briefly reached a market capitalization of $66 million before collapsing to $1 million in just 30 seconds after a promotional post was deleted.

How the GOLD Scam Unfolded Blockchain data reveals that the scam group accumulated 824.54 million GOLD tokens, representing 82.454% of the total supply, through a combination of pre-allocation and post-launch purchases.

This concentration of supply gave the group near-total control over the token’s price and liquidity.