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Trump fans put millions of dollars into a gold phone and a memecoin. Neither has gone well

CoinDesk3h agoUpdated 1h ago
Trump fans put millions of dollars into a gold phone and a memecoin. Neither has gone well
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Trump Mobile's gold T1 phone has collected $60 million from 600,000 buyers but delivered zero confirmed devices, with April terms updates removing delivery guarantees. The TRUMP memecoin crashed 97% from peak to $2.45, inflicting estimated $2 billion in retail losses. Both ventures capitalized on Trump enthusiasm but failed converting momentum into products or sustainable demand.

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