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A 15-foot-tall statue of former President Donald Trump, cast in bronze and gilded in gold leaf, has a home: a 7,000-pound pedestal at one of Trump’s golf resorts. But this monument, dubbed “Don Colossus,” is not just a tribute to the 34-felony-count president. According to the New York Times, it’s at the heart of a bizarre cryptocurrency venture that’s seen a rollercoaster of financial hopes, legal disputes, and strange alliances — and it may just be the wildest moneymaking scheme of the Trump era. Summary A 15-foot statue of Trump was used to promote the struggling PATRIOT memecoin, which lost over 90% of its value shortly after its launch. The project faced delays, infighting, and a legal dispute with sculptor Alan Cottrill, who claimed he was owed $75,000 for intellectual property rights, stalling the statue’s public debut. Despite the coin’s failure, the project continues with plans for an official unveiling at Trump’s Doral golf resort. The statue was funded by cryptocurrency investors who paid $300,000 to commission a sculptor to create it as a homage to Trump. It was then used to promote PATRIOT, a memecoin with little function beyond speculation, designed to capitalize on MAGA hype. The coin went on sale in late 2024, briefly spiking in value as Trump made bold promises about turning the U.S. into the “crypto capital of the planet.” But as with many memecoin ventures, the excitement didn’t last. PATRIOT’s price plummeted, losing over 90% of its value within months, marred by delays and infighting among the investors. The statue, initially planned for a grand unveiling, became a symbol of the volatile and often dubious nature of memecoins, which are known for their reliance on viral trends and celebrity endorsements. However, its sheer size and golden sheen have continued to draw attention, and it…

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Filed under: News - @ February 4, 2026 12:22 am