Trump-Linked Account Dumps Solana GOLD Token for $312,000 Profit

An X account that President Trump follows, known as realtrumpcoins, created and promoted a new Solana token called GOLD. Within hours of launch, the account’s wallets sold the entire token supply they controlled, earning a seven‑figure profit and leaving retail buyers with heavy losses.

Launch and Initial Accumulation

Fifteen newly created wallets purchased 224.5 million GOLD tokens for a total of 18,657 SOL. Combined with a developer‑held 600 million‑token stash, these wallets controlled 82.45% of the token’s total supply before any external investors could participate.

Coordinated Exit

The same fifteen wallets sold the 224.5 million tokens for 3,178 SOL, roughly $330,000 at the time of the transaction. This represented a 17‑fold return on the original outlay and a net profit of about $312,000.

Impact on Retail Traders

Retail participants who bought during the brief price rise suffered losses. One wallet that entered near the token’s peak lost approximately $62,100 within minutes as the insider wallets dumped their holdings.

Context and Regulatory Scrutiny

The episode follows heightened regulatory attention on Trump‑related crypto projects. Senators Elizabeth Warren and Richard Blumenthal have requested an SEC investigation into the official TRUMP token launched in early 2025, citing insider concentration and market‑cap volatility.

Pattern of Rug Pulls on Solana

Similar schemes have appeared on Solana launchpads, including a previous token that used emotional appeals to attract investors before the creator drained liquidity. GOLD’s approach relied on name recognition rather than personal narratives, but the underlying mechanics were comparable.