The fate of a fifteen-foot-tall statue of Donald Trump made of bronze and finished with gold leaf is hanging in the balance as the first family quietly distances itself from the fawning crypto venture behind it.
Dubbed “Don Colossus,” the $300,000 statue was bankrolled by cryptocurrency investors hoping to generate buzz for a new memecoin—a type of cryptocurrency based on celebrities and trends that serve little use other than to profit from hype—called Patriot, The New York Times reported. The president is known to warmly receive gold and tributes to himself, and backers of the venture hoped to unveil the statue on one of his many golf courses.
For months, investors shared photos charting the statue’s construction, along with images suggesting a pedestal was being installed at Trump National Doral in Miami.
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