Trump fans put millions of dollars into a gold phone and a memecoin. Neither has gone well
Burns Brief
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 g... Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.
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.
Key Takeaways
- Trump fans put millions of dollars into a gold phone and a memecoin. Neither has gone well — traders are closely monitoring developments.
- Market participants should stay alert to volume and momentum signals.
- Further confirmation is needed before establishing new positions.