A 15-foot gold-leafed bronze statue of President Donald Trump, dubbed ‘Don Colossus,’ remains unfinished in an Ohio studio due to a payment dispute with cryptocurrency investors.5051
Statue Commissioned to Promote $PATRIOT Memecoin
Cryptocurrency entrepreneurs commissioned the towering sculpture, which depicts Trump raising his fist following a 2024 assassination attempt, to promote their $PATRIOT memecoin. The project cost approximately $300,000 to $360,000, but nearly $92,000 remains unpaid after the memecoin’s value plummeted.5253
Trump Family Distances from Project
The Trump family has sought to distance itself from the statue, primarily due to concerns over the commissioners rather than the artwork itself. Reports indicate Trump described the statue positively to supporters, calling it ‘fantastic.’3
Cryptocurrency Market Suffers $2 Trillion Loss
The broader cryptocurrency market has erased over $2 trillion in value since recent highs, with Bitcoin falling below $70,000 and at times approaching $61,000. This volatility follows post-election gains that have since dissipated.1315
Trump-Linked Crypto Ventures Thrive Then Decline
The Trump family has generated substantial revenue from cryptocurrency initiatives, including World Liberty Financial, which raised $550 million, and the $TRUMP memecoin. Estimates place family profits from these ventures at $800 million to over $1 billion in recent periods.2427
However, many Trump-associated assets have declined sharply. Trump Media shares lost about 70% of their value year-to-date, while $TRUMP and other meme coins dropped 80% to 90% from peaks. Eric Trump-backed American Bitcoin mining operations faced early challenges amid market turbulence.323040
Industry observers note that while the family benefited from early hype and token sales, retail investors absorbed much of the subsequent losses as markets corrected.23
