Trump fans put millions of dollars into a gold phone and a memecoin. Neither has gone well
CoinDeskMay 11, 2026
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Supporters of Donald Trump have invested approximately $60 million into a gold T1 phone and a memecoin, but the venture has faced significant issues. Despite nearly 600,000 deposits, no confirmed deliveries of the phone have occurred, and the terms of the investment were altered to eliminate delivery guarantees. This situation raises concerns about the viability and transparency of such investments.