Meme Coin GOLD "Resets to Zero," Plunges Over 95% in 1 Minute

BlockBeats News, August 29th, according to GMGN market data, the Solana ecosystem Meme coin Trump Digital Gold (GOLD) saw its market cap plummet over 95% in 1 minute, and the current market cap has dropped to $1.8 million.

This Meme coin, themed after "Trump Digital Gold," was launched by @realtrumpcoins1. This account is dedicated to promoting and selling official Trump-related collectible coins/medals and is an official partner of The Trump Organization. As more details have not been disclosed yet, the community widely questions the authenticity of this Meme coin, suspecting that this official account may have been compromised.

Community members remind everyone that the project's association with websites/links does not constitute official confirmation. They refer to Eric Trump's previous statement that "no one is launching a coin, otherwise it's a scam," urging everyone to wait for a clear endorsement before taking action. The Chinese community and multilingual communities in general caution against "blind FOMO" and advise to "wait for confirmation before considering any action."

BlockBeats reminds users that Meme coin prices are highly volatile and mostly lack practical use cases, so please avoid FOMO.