$GOLD trader loses $62,100 after chasing price in seven minutes

  • A user lost $62,100 after chasing a rise in $GOLD.
  • 7 minutes elapsed before the reported loss reached $62,100.
  • The realtrumpcoins account launched $GOLD, with its team holding 82.45% of supply.

A user lost $62,100 in just seven minutes after chasing a sharp rise in $GOLD, according to monitoring by Lookonchain cited by PANews on Aug. 29. The warning comes after the realtrumpcoins account, which had attracted attention from Trump, launched the token. The team holds 82.45% of the token supply, a concentration that adds to the risks of FOMO (fear of missing out) buying. Users were advised to exercise caution and avoid blindly following the market.

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$GOLD trader loses $62,100 after chasing price in seven minutes - CoinPost Terminal