Real Trump Coins has denied launching, promoting or authorizing the Trump Digital GOLD token, blaming third-party bad actors after the Solana-based meme coin collapsed. Lookonchain reported that wallets tied to the launch controlled 82.45% of GOLD's supply and cashed out for hundreds of thousands of dollars before the crash.
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.
According to Real Trump Coins: "Trump Coins has not authorized and will not launch, promote, or authorize any digital token," the company said in an X post on Saturday, adding that it was working with authorities to investigate the matter.
GOLD token spread through linked channels
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. 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 account bio pointed to TrumpCoins.com, it was still directing customers to RealTrumpCoins.com as recently as Aug. 25 in a post that remained online at the time of publication. Trump also continued to follow the Real Trump Coins X account, one of 53 accounts he followed on the platform.
Concentrated wallets cashed out fast
The statement follows a highly concentrated GOLD launch. Lookonchain reported that the developer and newly created wallets controlled 82.45% of its supply. According to the platform, 15 wallets linked to the team sold their holdings for about $330,000, making an estimated $312,000 profit. Separately, crypto.news reported that GOLD's market capitalization fell by almost 99% after the concentrated sales.
Regulators have not named a suspect
No regulator has publicly accused Real Trump Coins, Donald Trump or the Trump Organization of participating in the GOLD launch, and no official finding has classified the incident as fraud. The SEC's February 2025 staff statement said transactions involving meme coins fitting its description generally do not constitute securities transactions, though that position is not legally binding. The statement also said fraudulent conduct involving meme coins can still lead to action under other federal or state laws.
Therefore, the denial confirms Real Trump Coins' position but does not resolve who controlled the promotional channels, and it does not establish whether GOLD's developers coordinated with anyone who had access to those channels.
Sources: Cointelegraph.com News, crypto.news
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