Trump Mobile buyers stuck without phones as TRUMP token sits 97% below peak
CoinDesk
Investors in Trump-branded mobile phones and TRUMP memecoins face significant losses and delivery failures amid declining market interest.Summary
Two high-profile ventures linked to Donald Trump have struggled significantly as of May 2026. The Trump Mobile T1 phone project has collected roughly $60 million in deposits from 600,000 buyers, yet no devices have been delivered, and terms were revised to remove delivery guarantees. Simultaneously, the TRUMP memecoin has plummeted 97% from its peak, resulting in estimated retail losses of $2 billion due to massive supply overhang from insider token unlocks and dwindling trading volume.
(Source：CoinDesk)