{
  "id": 4173145,
  "title": "Trump-promoted brand touts GOLD before token collapse",
  "url": "https://urgent.news/2026/08/29/trump-promoted-brand-touts-gold-before-token-collapse",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-29T10:53:41.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/trump-linked-account-list-gold-token-crash"
  },
  "original_language": "en",
  "account": "Real Trump Coins, a brand promoted by US President Donald Trump in 2024, claimed to be offering a \"Trump Digital GOLD\" token on X. However, the token quickly collapsed, with trading halving to just about 2% of its initial value within hours of its launch. The website continued promoting the token, stating that 99% of trading fees would be used to buy back the cryptocurrency in an attempt to make it a top-10 asset by market capitalization. The launch raised questions about the legitimacy of the token, with some analysts suggesting that the Real Trump Coins website and associated X account may have been compromised. Lookonchain, a blockchain analytics platform, flagged the launch and noted that the developer held 600 million GOLD tokens while 15 newly created wallets spent $18,657 to acquire another 224.5 million tokens. The 15 wallets subsequently sold all 224.5 million GOLD tokens for 3,178 Solana (SOL), worth around $330,000, making a $312,000 profit. The collapse of the token left crypto observers questioning its authenticity.",
  "summary": "Real Trump Coins promoted GOLD before deleting related X posts, while team-linked wallets sold 224.5 million tokens as its market value fell about 99%.",
  "key_points": [
    "Real Trump Coins promoted Trump Digital GOLD token on X.",
    "Token value collapsed to 2% within hours of launch.",
    "Developer held 600 million GOLD tokens, sold 224.5 million for profit."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}