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.
The lack of delivery guarantees for the gold phone and the poor performance of the memecoin may lead to increased skepticism among investors. This could result in downward pressure on XAUUSD as market sentiment shifts towards caution.
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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