Two Trump-branded ventures—the gold Trump Mobile T1 phone and the TRUMP memecoin—are facing significant difficulties. Approximately 590,000 deposits totaling $60 million have been collected for the T1 phone, yet no confirmed devices have been delivered as of May 2026. The company quietly updated its terms of service in April to remove delivery guarantees, reclassifying deposits as a 'conditional opportunity.' The TRUMP memecoin, launched in January 2025, has declined roughly 97% from its peak, trading at $2.45. Chainalysis estimates retail investors have lost about $2 billion. Insider token unlocks continue to exert sell pressure, with over $2.5 billion in potential supply overhang. Both ventures capitalized on political enthusiasm but failed to sustain momentum, leading to investor losses.

Key facts

• 590,000 deposits ($60M) for Trump T1 phone, no deliveries confirmed.
• Terms quietly updated in April to remove delivery guarantee.
• TRUMP memecoin down 97% from peak, trading at $2.45.
• Retail investors lost ~$2 billion on TRUMP token, per Chainalysis.
• Insider unlocks create $2.5B supply overhang at current prices.