On-chain sleuths at Lookonchain are calling out a likely rug pull involving the GOLD token on Solana. According to their analysis, 15 freshly created wallets—allegedly linked to the project team—dumped a massive stash of tokens and cashed out big. GOLD had previously been rumored to have ties to Trump.

What Happened

Lookonchain spotted 15 addresses offloading 224.5 million GOLD tokens onto the market, swapping them for 3,178 SOL—that’s roughly $330,000. All these wallets popped up right before the trades went down, and analysts suspect they’re connected to the project.

How Much Did They Make?

Lookonchain reports that these addresses only spent $18,657 to snap up that much GOLD. Their estimated profit? Around $312,000—a nearly 17x return.

Context

Lookonchain describes this as a probable rug pull: project-linked wallets yanking liquidity or dumping tokens en masse. The GOLD token in question had previously been associated with Trump. Analysts haven’t shared more details yet.