Trump-linked Real Trump Coins has denied launching, promoting or authorizing the Trump Digital GOLD token after the Solana-based asset was promoted through its social media account and website before its market value fell sharply.
The company attributed the GOLD token to “third-party bad actors” and said that it had not authorized any digital token. The denial came after its official-looking X account promoted GOLD on Saturday and directed users to RealTrumpCoins.com, where the token was also advertised.
“Trump Coins has not authorized and will not launch, promote, or authorize any digital token,” the company added in its statement posted on X while sharing that it was working with authorities to investigate the matter.
Market data from DEXScreener showed, as of August 31, 2026 10:00 AM UTC, GOLD was trading at around $0.0497, with a market cap of about $97,000.
GOLD promotion raises questions
The episode began with posts from the Real Trump Coins X account promoting the Solana-based GOLD token. The posts were later deleted, and the account now points users toward a separate domain, TrumpCoins.com.
The situation became more confusing for users because the same X account had recently directed customers to RealTrumpCoins.com. An August 25 post promoted the company’s America’s 250th Anniversary Collection and told followers to explore the products through RealTrumpCoins.com.
At the time of publication, RealTrumpCoins.com was still displaying the GOLD promotion, adding to questions about how the token promotion appeared across both the company’s social media account and website.
The account’s bio, meanwhile, linked to TrumpCoins.com rather than RealTrumpCoins.com.
Wallet concentration fuels scrutiny
Blockchain analytics platform Lookonchain reported that the token’s developer and newly created wallets controlled 82.45% of the total supply. The concentration meant a large share of the token was held by wallets connected to the launch rather than spread broadly among market participants.
Lookonchain also reported on August 29 that 15 wallets linked to the team sold their holdings for roughly $330,000, generating an estimated profit of about $312,000. The figures show that a relatively small group of wallets controlled and later sold a large share of the token supply during its brief period of trading.
Questions over account and domain access
The conflicting online activity has raised questions about whether Real Trump Coins’ digital properties were compromised.
Crypto researcher Rune questioned how both the project’s X account and RealTrumpCoins.com could have promoted the GOLD token if the company had not authorized it.
Rune said that the domain’s WHOIS information was updated on August 29, which he argued could indicate a change in control. He said access to the domain could also give attackers control of email addresses linked to the X account, allowing them to reset its password.
He also pointed out that while the new website still uses some original Shopify assets, its shopping function redirects to an invalid Shopify link, which he said could indicate that whoever controlled the site did not have access to the original Shopify account.
Real Trump Coins has not explained how the GOLD promotion appeared across its online properties, saying only that third-party actors were responsible and that an investigation was underway.
Trump continued to follow the Real Trump Coins X account at the time of publication, even after its linked domain changed and GOLD-related posts were removed.
Investigation remains ongoing
The incident highlights the risks surrounding tokens promoted through accounts or websites associated with well-known brands and public figures. An apparently connected social media account or domain does not, by itself, establish who created, authorized or controlled a token.
For now, Real Trump Coins says it did not authorize GOLD and will not launch, promote or authorize any digital token.
The next step will be determining how the token promotion appeared on the company’s online channels, who controlled the wallets involved in the launch and whether authorities can identify the third parties blamed by Real Trump Coins.
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