Real Trump Coins denies launching GOLD token, blames ‘bad actors’

Real Trump Coins has distanced itself from a Solana-based token called GOLD that emerged with significant red flags, stating it had no involvement in the project's launch. The token drew scrutiny after team-linked wallets accumulated over 82% of the supply and subsequently sold holdings for $330,000, raising concerns about insider concentration and potential exit dynamics. Real Trump Coins denied authorizing GOLD or any other digital token bearing its name, attributing the project to bad actors exploiting its brand.

The organization said it is coordinating with authorities to investigate the incident, though questions remain about how the token leveraged Real Trump Coins' X account and associated domains. The episode underscores the vulnerability of high-profile crypto brands to unauthorized token launches and the ease with which bad actors can create confusion in retail markets.

• Real Trump Coins denied launching or authorizing GOLD, blaming unauthorized actors for the Solana token.
• Token concentration was extreme: over 82% held by team wallets that subsequently cashed out $330,000.
• The project claims to be working with authorities on an investigation into the unauthorized use of its name and channels.