coin-img-ETHETH+0.56%coin-img-BTCBTC+0.35%coin-img-SOLSOL+0.98%coin-img-XRPXRP+0.54%coin-img-HYPEHYPE+3.44%coin-img-FONEFONE+0.19%coin-img-RIOARIOA-28.87%coin-img-USDCUSDC+0.00%coin-img-ETHETH+0.56%coin-img-BTCBTC+0.35%coin-img-SOLSOL+0.98%coin-img-XRPXRP+0.54%coin-img-HYPEHYPE+3.44%coin-img-FONEFONE+0.19%coin-img-RIOARIOA-28.87%coin-img-USDCUSDC+0.00%coin-img-ETHETH+0.56%coin-img-BTCBTC+0.35%coin-img-SOLSOL+0.98%coin-img-XRPXRP+0.54%coin-img-HYPEHYPE+3.44%coin-img-FONEFONE+0.19%coin-img-RIOARIOA-28.87%coin-img-USDCUSDC+0.00%coin-img-ETHETH+0.56%coin-img-BTCBTC+0.35%coin-img-SOLSOL+0.98%coin-img-XRPXRP+0.54%coin-img-HYPEHYPE+3.44%coin-img-FONEFONE+0.19%coin-img-RIOARIOA-28.87%coin-img-USDCUSDC+0.00%

realtrumpcoins Says "Trump Coins" Token Claims Are False, Working With Law Enforcement

AI Market Summary
realtrumpcoins denied any authorization of Trump Coins-related tokens and said the purported launch was malicious third-party activity under investigation with law enforcement. The episode describes a Solana meme token (GOLD) briefly boosted by a posted contract address, then collapsing after deletion and rapid dumping by a concentrated holder, with profits realized in SOL. It highlights acute manipulation and impersonation risk, pressuring sentiment in Solana meme-coin flows.
Impact level
● Medium
Affected assets
SOL/USDT+0.93%
AI Insight · SOL/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
realtrumpcoins said in a statement on Aug. 30, cited by Huoxing Finance, that reports claiming "Trump Coins" launched, promoted, or authorized the issuance of any digital token are "completely false." The company said the information originated from malicious third-party activity. The statement added that Trump Coins has never authorized any digital tokens and said it will not launch, promote, or authorize any such tokens in the future. The company said it is cooperating with relevant law enforcement agencies to investigate the incident and pursue those responsible. Earlier, the meme coin GOLD was created on Solana at 7:38 yesterday. A related address controlled more than 82% of the token supply through allocations and post-launch purchases. Around 9:00, the Trump merchandise partnership account @realtrumpcoins1 posted a tweet containing GOLD's contract address, briefly pushing the token's market capitalization to $66 million. At about 11:48, the tweet was deleted and the associated address began selling its holdings. Within roughly 30 seconds, GOLD's market cap fell from $55 million to $1 million. The scammers continued offloading the remaining tokens, ultimately exiting the position and booking about 9,784.6 SOL in profit (around $1.01 million).
Selected
SOL
SOL+0.90%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.