Undelivered 'Trump T1' Gold Phones After Raising $60 Million and 94% Crash of $TRUMP Memecoin: Supporter Outrage Spreads

As of May 11, 2026, approximately 600,000 supporters who paid a total of $60 million in pre-order deposits for the 'Trump Mobile T1' Gold Phone have yet to receive a single device. The company quietly removed delivery guarantee clauses from its terms of service last April, heightening consumer anxiety.

The Android-based T1 Gold Phone, sold for $499, was heavily promoted using patriotic marketing aimed at conservative consumers. Buyers who paid a pre-order deposit of approximately $100 have been waiting for delivery since late 2025, but no actual product receipts have been reported to date. Despite being a project backed by significant funds, the delay in physical delivery is fueling growing concern among supporters.

Reports are surfacing from buyers and various media outlets regarding emails stating that the devices will not be shipped, and the status of deposit refunds remains unclear.

In April, just before consumer protests intensified, the company significantly revised its terms of service to evade legal liability. With the removal of delivery guarantees previously included in the standard purchase terms, consumer protection groups are defining this as a serious infringement of rights. This move is seen as a sharp contrast to the initial marketing that emphasized patriotism.

Delivery Reality Diverges from Technical Progress

Some technical milestones appeared to have been met, such as passing FCC tests in late 2025 and appearing in relevant listings in March 2026. However, as this progress failed to translate into actual product shipments, critics argue that the technical achievements were merely marketing tools. Delivery schedules originally set for September 2025 and January 2026 have been repeatedly postponed, following a typical pattern of delays.

• September 2025: First scheduled delivery date missed
• January 2026: Second delivery delay announced
• April 2026: Delivery guarantee clause removed from terms of service
• May 2026: Emails sent to buyers notifying them of non-delivery

Beyond the hardware, the situation for the $TRUMP memecoin, a digital asset, is equally dire. After reaching an all-time high of $74.27 in January 2025, the coin followed a classic 'sell the news' pattern, crashing to $3.29 by March 2026. This represents a loss of over 94% from its peak, suggesting that many retail investors have suffered massive losses.

The volatility of these crypto assets has also had a devastating impact on the financial statements of the parent company, Trump Media. According to recent reports, Trump Media recorded an operating loss of approximately $405 million due to the decline in the value of its crypto holdings. This factor threatens the company's financial stability beyond individual investor losses.

A sense of betrayal is spreading among supporters, with some demanding explanations regarding the lack of communication and the whereabouts of funds directly from key figures like Donald Trump Jr. and Eric Trump. Devoted supporters who recommended the purchase to family and friends are reportedly the hardest hit. They are expressing strong dissatisfaction with the silence from official channels.

With $60 million in deposits currently tied up, the possibility of investigations by consumer protection agencies or class-action lawsuits is being raised. Whether actual refund procedures will proceed or if the situation will escalate into legal disputes will be a key point of observation for the market. Attention is also focused on how regulatory authorities will handle this situation.

Experts point out that this situation demonstrates the typical risks that arise when assets leveraging celebrity brands rely solely on speculative demand without actual value or the ability to deliver products. Investors are expected to demand more rigorous verification for similar projects in the future. Ultimately, it serves as a lesson that promises without substance inevitably lose market trust.