Two retail-driven projects carrying the name of former US President Donald Trump have run into serious trouble months after their launch. Nearly 600,000 people placed $100 deposits on the Trump Mobile T1 phone, amassing close to $60 million in total. Yet, to date, not a single buyer has received the device. No products had been delivered as of May 2026.
Ongoing delays at Trump Mobile
Supporters made their payments for the Trump Mobile T1 via the brand’s official company, T1 Mobile LLC. The rights and licensing revenues for this venture are managed by DTTM Operations LLC, which oversees the commercial interests of Donald Trump. The phone was initially slated for delivery by the end of the summer, then delayed first to November, then December, and ultimately pushed back to the first quarter of 2026. The company’s website no longer lists any clear date for shipment.
In April, changes to the terms of service clarified that advance payments would only secure a “conditional purchase opportunity.” Effectively, the company reserves the right not to sell the product at all, with no binding commitment to fulfill orders. This has left customers uncertain about whether they will receive refunds or their devices. The company has yet to make any statement on the matter.
TRUMP token’s rapid spike and sharp fall
The TRUMP meme token, also branded with Donald Trump’s name, launched in January 2025 at $1.21 and rocketed to $73 within 48 hours. Over the following 16 months, however, it saw a relentless decline. On Monday, the token changed hands at $2.45—representing a staggering 97 percent drop from its all-time high and an 82 percent slide since the start of the year.
Chainalysis estimates suggest that individual investors have lost nearly $2 billion in TRUMP token investments. At launch, 80 percent of the supply was held by two Trump-affiliated entities. These holdings are being gradually released onto the market—around $500,000 worth daily at current prices—through mid-2028, despite dwindling demand from buyers putting pressure on the price.
Data from Dune Analytics reveals that TRUMP’s daily trading volume on decentralized exchanges plummeted from a peak of $7 billion on January 20, 2025, to just $16 million by May 5, 2026. During the same period, active users shrank from 400,000 to just 4,200.
While 19 percent of token holders had at least $1,000 in TRUMP at launch, that figure has now slipped to just 2 percent. Nearly all current wallets now hold less than $1,000 worth of TRUMP.
Demand squeeze despite political events
Early price surges in the token proved fleeting, wiped out by large sell-offs and a flood of new supply. Before a major token unlocking event in July 2025, Tron founder Justin Sun pledged to buy $100 million worth of TRUMP, though this was not enough to halt its decline. In May 2025, Trump held a private dinner in Virginia, and in April 2026, Mar-a-Lago hosted a conference for the largest 297 token holders.
A group of politicians, including Democratic senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal, formally requested further information about Trump’s role in these events. While such gatherings gave token prices brief boosts, the gains quickly faded.
Recent figures indicate the TRUMP token price has fallen 13.6 percent over the past 30 days, and slipped by about 0.1 percent on the day. The newly released tokens at current prices add $2.5 billion more supply, but there appears to be little prospect of meaningful short-term recovery in demand.
