Crypto World
Trump-Linked Crypto Brand Promotes GOLD as Token Value Plunges 99%
A Solana token marketed through a Trump-linked brand appears to have collapsed shortly after launch, igniting fresh questions about who controlled the project and what happened to the liquidity once trading began. The episode centers on a token called “Trump Digital GOLD” and the Real Trump Coins brand, which publicly promoted the launch before deleting related posts.
According to blockchain analytics firm Lookonchain, the token’s supply was heavily concentrated in a small number of wallets controlled by the developer, with early buyers later selling into the market. The sharp drop in value—paired with the rapid sell activity—has led analysts to describe the launch as highly suspicious and potentially a “rug” style event.
Key takeaways
- Lookonchain says the GOLD token’s developer held about 82.45% of the total supply at launch, raising immediate red flags for traders.
- Lookonchain reports that a group of 15 newly created wallets acquired large amounts of GOLD and then sold all tokens shortly afterward.
- DEX Screener data cited by Lookonchain shows GOLD’s market capitalization fell from roughly $50 million to $500,000 within hours.
- Real Trump Coins promoted the token on X before deleting related posts, fueling speculation the account or promotion may have been compromised.
How the GOLD launch unraveled so quickly
GOLD first came onto the radar early Saturday when the Real Trump Coins X account announced the token launch and directed users to buy via RealTrumpCoins.com. The post appeared with the Real Trump Coins account connected to—at least by follow—Trump’s official presence on X, lending the promotion extra attention.
Lookonchain flagged the activity shortly afterward, pointing to unusual on-chain behavior. In its analysis, the firm said the developer controlled 600 million GOLD tokens and that 15 newly created wallets collectively spent $18,657 to purchase about 224.5 million GOLD.
Lookonchain also emphasized that the team’s wallet concentration was extreme, stating that the group controlled 82.45% of the total supply. That type of distribution pattern can be a major risk factor because it increases the likelihood that early insiders can influence price through coordinated selling.
Further on-chain tracking from Lookonchain later claimed those 15 wallets sold all 224.5 million GOLD for 3,178 SOL, which it estimated at roughly $330,000. The report describes that selloff as occurring after the initial purchases were made.
As a result, GOLD’s price appears to have deteriorated rapidly. Lookonchain cited DEX Screener to describe a collapse in market value, with market capitalization dropping from around $50 million to about $500,000 by the time of publication. Lookonchain characterized the outcome in its own commentary, estimating profits for the wallets at approximately $312,000—about 17 times their initial investment.
Ongoing website promotion after X posts vanished
While traders were watching the on-chain data, the promotional footprint of the brand itself became another point of controversy. Lookonchain reported that Real Trump Coins’ related X posts were deleted on Saturday, after Trump-linked brand activity initially circulated.
Despite the social-media deletions, the Real Trump Coins website continued promoting “GOLD” at the time of publication. The page advertised a 4% trading fee and claimed that 99% of trading fees would be used to buy back the token, positioning the plan as a method to push GOLD toward a top-10 market capitalization ranking.
This mismatch—social promotion disappearing while the website remained—helped fuel speculation among community members and analysts about what exactly happened behind the scenes, including whether the X account was compromised or whether the token’s development team had acted against the interests suggested by the website’s marketing.
What is Real Trump Coins?
Real Trump Coins is a brand that Donald Trump publicly promoted in September 2024, according to coverage linked by the article via TrumpTruth.org. At the time, Trump described RealTrumpCoins.com as the exclusive place to buy his silver medallions.
The Real Trump Coins website also states that the products are not manufactured, distributed, or sold by the Trump Organization. That detail matters for readers because it frames the brand as separate from the Trump Organization’s direct operational control—an important distinction when investors assess perceived affiliation and responsibility.
In the hours after the GOLD launch, multiple observers took to X with competing theories. Some claimed the Real Trump Coins X account was hacked, while others characterized the GOLD token launch itself as a scam based on its trading and supply dynamics. The broader conversation included allegations from community accounts about an external hacking actor, though such claims weren’t verified in the reports cited.
Why the episode matters for Trump-linked crypto narratives
Beyond the specific token, the GOLD incident adds to a wider pattern of scrutiny around crypto ventures associated with political figures. The article ties this environment to how the U.S. is debating crypto oversight, including whether tokens are treated under securities or commodity frameworks.
According to the account described in the source text, Trump urged lawmakers on Aug. 19 to pass a “fair version” of the proposed CLARITY Act, aimed at creating a clearer regulatory structure for digital assets. The same context highlights that Trump and his family have backed or launched multiple crypto-related efforts, including the Official Trump (TRUMP) memecoin and World Liberty Financial, while the White House has denied impropriety.
For market participants, these developments are relevant because brand-driven promotions can attract users who assume the marketing implies legitimacy. When a token launch exhibits insider control and rapid sell behavior, it can undermine trust not only in the individual project but also in how political or widely known brands are perceived in the crypto space.
Readers should watch whether GOLD’s token contracts and liquidity evolve in a way that clarifies control and intent—especially any changes to wallet distributions, trading activity, or official follow-ups from the Real Trump Coins team. Until then, the combination of concentrated supply control and abrupt market collapse remains the strongest signal that traders should treat similar “branded” launches on Solana with exceptional caution.
Crypto World
Ditching 'digital gold': BPI study suggests everyday Americans prefer control and micro-investing
A new survey suggests some of bitcoin’s most familiar sales pitches of changing the world may be poorly suited to a majority of prospective buyers.
Ripple’s cross-border token staged one of the most impressive recoveries in the past 10-12 days, surging from just under $1.00 to a multi-month peak at $1.70.
However, this major rally was halted, and the momentum has faded, with the asset currently struggling to remain at $1.40, which represents a 20% pullback from last Saturday’s top. The landscape worsened on Friday after the hawkish speech by Fed Chair Kevin Warsh at Jackson Hole.
Major Test Approaches
Popular analyst Ali Martinez has been tracking the major change in XRP’s underlying activity throughout the latest move. As previously reported, active addresses on the XRP Ledger skyrocketed by over 650% at one point, jumping from 47,180 to more than 356,000. At the same time, whales went on an impressive accumulation spree, acquiring over 300 million tokens in only 96 hours.
What matters most now is whether that demand can prevent the latest pullback from developing into something considerably worse. The technical structure has weakened since the rejection at $1.70, and the token is struggling at $1.40. According to Martinez, this means that the asset failed to hold above the 50-week exponential moving average at $1.54.
This has turned attention toward the $1.35-$1.38 region as the next important support zone, which is currently being tested. The analyst said that roughly 3.2 billion XRP were traded in this area, according to the URPD, underscoring its significance.
Fellow market commentator CRYPTOWZRD outlined the change in the recent structure, indicating that XRP was bearish and volatile throughout the day before closing lower. They believe holding above $1.40 is crucial, but this hasn’t been the case so far.
What About a Breakout?
Martinez also highlighted the most significant resistance barriers to watch if XRP resumes its rally from the previous week. The first is located at $1.60, where 1.99 billion tokens were traded. $1.68 follows suit with a similar number of traded coins.
The biggest obstacle is at $1.86, where 3.47 billion XRP were traded. A breakout above that level can open the door for a run toward the psychological $2.00 level and up to $2.19 next.
XRP AT KEY SUPPORT
After rallying 71.8% from $0.988 to $1.698, XRP has entered a 20% correction and is now testing a major support zone.
According to the URPD, roughly 3.2 billion XRP were traded between $1.35 and $1.38, making this one of the most important demand levels.
As… pic.twitter.com/i5r1tPsMJe
— Ali Charts (@alicharts) August 29, 2026
The post XRP’s 70% Rally Is Fading: Here’s the Level That Could Decide What Happens Next appeared first on CryptoPotato.
Crypto executives say new blockchain payment infrastructure could make Swift obsolete. Bankers say its 11,500-institution network gives it the power to absorb the technology instead.
Reform UK has stripped crypto firms from its conference sponsor list. The move lands days after British police revealed a $1.4 million Bitcoin forfeiture.
Nigel Farage’s party is selling diplomats and manufacturers instead.
Reform UK Cuts Crypto Sponsors Before Birmingham
Reform UK’s annual conference opens in Birmingham next week. Last year the digital payments firm Zebec headlined as a key backer. This year no crypto company appears on the sponsor list.
Perks have gone too, with free tickets and access to senior figures also cut, Bloomberg reported, citing people familiar with the arrangements.
It comes as a parliamentary probe is examining whether Farage should have declared £5 million from Christopher Harborne, a Thailand-based crypto investor. Farage’s crypto lobbying has drawn separate scrutiny this year.
Diplomats and Manufacturers Take the Stage Instead
Farage’s populist party holds just eight of 650 Commons seats, yet polls place it in contention for 2029.
Honorary treasurer Nick Candy is promoting foreign guests. Envoys from India, Italy, Poland, the UAE and the US are expected, alongside French National Rally leader Jordan Bardella.
“The scale and breadth of the diplomatic presence at the conference next week is a clear indication of how seriously Reform is being taken internationally,” Nick Candy, Reform UK honorary treasurer, speaking to Bloomberg.
However, not everyone is convinced. Renewable energy executives remain reluctant to appear, according to a City of London public relations executive. They fear legitimizing the party.
On its first business day, it sold more than 600 tickets, drawing JCB, TikTok and Heathrow.
So is Reform done with crypto? Not on paper. It has announced no policy changes regarding digital assets, and the retreat focuses on sponsors and perks rather than positions.
Birmingham will show a party managing its image while an investigation runs, not one abandoning crypto.
Police Traced 20.21 Bitcoin Back to 2016
Elsewhere but still in the UK, Avon and Somerset Police recovered 20.21 BTC, other crypto and money in a bank account, worth £1,032,487.86.
Investigators tied the funds to darknet marketplaces that ran from 2016 to 2019. These were hidden shopping sites, reachable only through anonymizing software, that sold drugs and facilitated human trafficking.
A blockchain keeps every transaction on a permanent public record, so coins moved in 2016 still leave a trail.
The owner had died before the forfeiture was completed. Under the Proceeds of Crime Act, however, the case runs against the property, not the person.
It is the force’s largest crypto recovery since Britain introduced wallet freezing orders in April 2024. Bigger hauls exist, including a £114 million Bitcoin seizure.
Recovered funds go back into community and policing programs.
The post Reform UK Drops Crypto Sponsors: What Does Farage Want Instead? appeared first on BeInCrypto.
The United States has secured majority control of more than 65 billion barrels of Venezuela’s oil reserves, which could reshape global energy markets, but does it actually matter for bitcoin and crypto?
President Trump announced on Friday that the US had secured majority control through an agreement involving Washington, Venezuela, and private businesses. He called it the “biggest oil deal in world history” and said it would substantially increase America’s effective oil reserves and ultimately bring down fuel prices.
65 Billion Barrels, But There’s a Catch
The analysts at the Kobeissi Letter noted that the US currently has around 46 billion barrels of proven domestic crude reserves. Adding control over another 65 billion would bring the combined figure to over 110 billion, roughly 7% of global proven reserves. In other words, the US-controlled total would be around the same as the UAE’s and ahead of Kuwait’s.
According to some leaked details, the deal covers 17 Venezuelan oilfields, including projects in the resource-rich Orinoco Belt and Lake Maracaibo. A new structure would give the US a majority operational position, while American companies are expected to provide much of the capital and expertise needed to increase production.
Venezuela has also projected close to $100 billion in private investment tied to the broader agreement. However, here comes the catch. Those barrels are all reserves, not immediate supply.
Venezuela currently produces around 1.2 million barrels per day, a fraction of what its enormous resource base theoretically allows due to years of underinvestment, deteriorating infrastructure, power problems, and other issues. Reuters reported that even the country’s ports are already struggling with current export volumes, with some tankers waiting weeks to load.
Lower Oil Good for Bitcoin?
Oil has been one of the biggest inflationary pressures this year as the conflict in the Middle East and disruptions around the Strait of Hormuz have pushed crude prices sharply higher. In general, more expensive oil feeds into fuel, transportation, manufacturing, and ultimately consumer prices.
If Venezuelan supply expands significantly over the coming years and helps decrease oil prices, the result could be weaker inflationary pressure, which, in turn, could give the Fed more room to ease monetary policy, unlike the present situation. This would be considered bullish for crypto, since the asset class tends to benefit from such macro conditions.
The deal, which was later confirmed by Venezuela’s President, comes at an interesting time – right after Fed Chair Kevin Warsh delivered a hawkish speech at Jackson Hole. He warned that inflation remains too high and indicated that policymakers could still have “work to do” if price pressures fail to move convincingly toward the central bank’s target of 2%.
If oil remains elevated due to the war in the Middle East, inflation is likely to continue preventing the Fed from pivoting. However, if Venezuela eventually becomes a substantial new source of reliable supply, the landscape can change.
Ultimately, the oil deal between the US and Venezuela is unlikely to translate into an immediate impact on BTC and crypto, as there’s no direct connection between the two. However, the long-term perspective is more bullish than bearish, especially if Venezuela improves its production lines and prices indeed fall, as Trump predicted.
The post US Secures 65 Billion Barrels of Venezuelan Oil: Could This Be Bullish for Bitcoin? appeared first on CryptoPotato.
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Dow Jones Futures: Fed Chief Warsh Speech Due; Marvell, Affirm, PayPal, Elastic Are Big Movers
Dow Jones futures and S&P 500 futures edged higher early Friday, while Nasdaq futures fell slightly. Marvell Technology, Rubrik, Elastic and Affirm led earnings reports after the close, with Fed chief Kevin Warsh on tap. The stock market rallied Thursday, with the Nasdaq leading the way. Nvidia (NVDA) broke out on earnings, but had limited coattails for the broader chip…
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Recent initial public offering Yesway (YSWY) is the IPO Stock Of The Week as it approaches its first buy point following a 39% surge in recent weeks. The convenience store stock also sits on Investor’s Business Daily’s IPO Leaders screen. Fort Worth, Texas-based Yesway owns convenience store chain Allsup’s, known for its deep-fried burritos and chimichangas. By the end of…
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