A cryptocurrency associated with Donald Trump promoted gold investments before its market value collapsed by approximately 99%, according to Cointelegraph.com News. Wallets linked to the project’s team sold millions of tokens as the price crashed.
The token, called ‘Real Trump Coin,’ had been promoted on social media by accounts tied to the former president before posts referencing gold were deleted. The sudden sell-off and price drop raise questions about the project’s transparency and intentions.
Key Facts
- Real Trump Coin promoted gold investments before deleting related social media posts
- Team-linked wallets sold 224.5 million tokens during the collapse
- The token’s market value fell about 99% from its peak
How the collapse unfolded
The token’s promotion of gold investments appears to have coincided with its peak valuation, according to available information. After social media posts referencing gold were deleted, substantial sell-offs from team-affiliated wallets began. This massive liquidation contributed to the token’s near-total loss in value within a short timeframe.
Who was involved?
The cryptocurrency project claimed association with Donald Trump, though the extent of his actual involvement remains unclear. Accounts promoting the token had previously shared content from Trump’s verified social media channels. The team behind the token has not publicly addressed the crash or the deleted gold-related posts. Trading patterns suggest insiders may have benefited before the collapse.
What We Know — and What We Don’t
Verified by the source:
- The token promoted gold investments before posts were deleted
- Team-linked wallets sold hundreds of millions of tokens
- The market value dropped approximately 99%
Still unconfirmed:
- Donald Trump’s actual level of involvement with the project
- The exact timing and reasons for deleting gold-related posts
- Whether the sell-off was coordinated
Why It Matters
This incident highlights the risks surrounding celebrity-endorsed cryptocurrencies, where famous names can lend credibility to projects that may lack substance or transparency. The rapid collapse raises questions about investor protections in the largely unregulated crypto market, especially for tokens tied to public figures.
What To Watch
Whether regulators investigate the token’s promotion and collapse, and if any official statements emerge from Trump’s organization regarding their connection to the project.