Trump-related token crashes by 99%, market value plummeting to $1 million
2026-08-29 20:18:00
According to CoinMeta, the digital gold token associated with Trump collapsed by 99% after reaching its peak, with its market value dropping to around $1 million. According to a report by on-chain analyst Yu Jin, multiple wallets that controlled 82.45% of the token supply sold all 8.2454 million tokens they held in the two hours before the release, earning approximately $1.01 million in profit. The token’s market value plummeted from $66 million to around $700,000 in just a few hours, reflecting the risks associated with concentrated holdings. Although these wallets are referred to as “scammers” of the token, no law enforcement agency has yet confirmed their identities.
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Source:Cryptonews
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