15 wallets made $312,000 in a suspected rug pull of the GOLD token

A suspected rug pull of the GOLD token has been detected on the Solana network. Fifteen newly created wallets associated with the project team sold 224.5 million GOLD for 3,178 SOL, netting around $330,000. The cost of purchasing the tokens was only $18,657, resulting in a profit of approximately $312,000, or a 17-fold return. Suspicions of a rug pull arose due to the concentration of tokens in wallets linked to the launch. The developer held 600 million GOLD, while the 15 addresses acquired 224.5 million tokens. These addresses controlled 82.45% of the total GOLD supply. Interest in the token surged due to the promotion by the account @realtrumpcoins1, which claimed a connection to the Trump Organization, potentially creating the impression of a link between the token and the president's family. The account posted information about the GOLD launch but later deleted the posts. Trump Coins denied any connection to GOLD, stating that the token was launched by third parties without permission and is working with authorities for an investigation. The incident occurred amid heightened attention to cryptocurrency projects associated with the U.S. president.

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