Trump Digital Gold Token Collapses in Suspected Rug Pull

A Solana-based cryptocurrency token called Trump Digital Gold collapsed within hours of its launch on August 29, 2026, after being promoted through a verified social media account linked to a brand previously endorsed by former President Donald Trump. The rapid decline, which saw the token's market value plummet by more than 95%, has sparked intense scrutiny over the project's legitimacy and raised questions about whether the promotional account was compromised. The token surfaced early Saturday when the X account for Real Trump Coins, a brand Trump publicly promoted in 2024, posted about the GOLD launch and directed users to a website to purchase it.