GeneralBearishCoinDesk · 4h ago7/10
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Trump fans put millions of dollars into a gold phone and a memecoin. Neither has gone well
Nearly 600,000 customers have deposited $60 million for a gold Trump T1 phone that remains undelivered, with the company quietly removing delivery guarantees in April. This case exemplifies how celebrity-backed products and memecoins targeting retail investors often fail to materialize, raising questions about consumer protection and investment due diligence in speculative markets.
