Solana ecosystem meme coin GOLD briefly plunged more than 90%, with on-chain data showing a user lost about $62,100 within seven minutes after buying at a high. The token was launched by the realtrumpcoins account, which had attracted attention from Trump. The team held about 82.45% of GOLD's total supply, indicating a highly concentrated token distribution. Odaily warned that GOLD's concentrated holdings and sharp price swings expose traders to elevated risks, including FOMO (fear of missing out).