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

crypto CoinDesk By Shaurya Malwa Mon, 11 May 2026 10:56:24 GMT 1 min read
Trump fans put millions of dollars into a gold phone and a memecoin. Neither has gone well

Nearly 600,000 deposits worth $60 million have been collected for a gold T1 phone that has not been delivered to a single confirmed buyer, with terms quietly rewritten in April to remove delivery guarantees.

Nearly 600,000 deposits worth $60 million have been collected for a gold T1 phone that has not been delivered to a single confirmed buyer, with terms quietly rewritten in April to remove delivery guarantees.

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