According to CoinMeta, Trump's digital gold token collapsed by 99% after reaching a market value of nearly $60 million. The promotional account for this token was accused of running away with funds, causing the market value to plummet from nearly $60 million to about $600,000 in just a few minutes. According to on-chain data, approximately 82.45% of the token supply is concentrated in internal wallets. This incident has raised concerns about crypto projects that use Trump's name, as Eric Trump has previously warned that unauthorized tokens should be regarded as fraud.