MAGA’s ‘Golden Calf’: Trump statue at the heart of a dramatic crypto gamble

cryptonews

Feb 04

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 ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMAGA’s ‘Golden Calf’: Trump statue at the heart of a dramatic crypto gamble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-04 07:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/golden-calf-trump-maga-statue-strange-crypto-backstory/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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. \nBut this monument, dubbed “Don ...</p>\n\n<a href=\"https://crypto.news/golden-calf-trump-maga-statue-strange-crypto-backstory/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MAGA","symbol_name":"Point Bridge America First ETF","start_time":0,"source_url":"https://crypto.news/golden-calf-trump-maga-statue-strange-crypto-backstory/","article_id":"2608381392","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/golden-calf-trump-maga-statue-strange-crypto-backstory/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2608381392","pubTimestamp":1770161400,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"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.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.However, its sheer size and golden sheen have continued to draw attention, and it has remained the centerpiece of a marketing campaign designed to revive the struggling cryp","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"MAGA":"Point Bridge America First ETF"},"translate_title":"MAGA的“金牛犊”：特朗普雕像是一场戏剧性的加密赌博的核心","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MAGA":1.5},"content_text":"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. \nBut 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.\n\n\nSummary\n\n\n\nA 15-foot statue of Trump was used to promote the struggling PATRIOT memecoin, which lost over 90% of its value shortly after its launch.\nThe 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.\nDespite the coin’s failure, the project continues with plans for an official unveiling at Trump’s Doral golf resort.\n\n\n\nThe 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.\nThe 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.\n\nPATRIOT’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. \nHowever, its sheer size and golden sheen have continued to draw attention, and it has remained the centerpiece of a marketing campaign designed to revive the struggling cryptocurrency.\nThe project’s backers, including crypto developers and right-wing activists, used social media to promote the statue, hoping to gain enough internet buzz to revive the coin’s value. \nOfficial Trump ‘trumps’ Patriot\nWhile the statue was being built, it encountered multiple setbacks, including a clash with Ohio-based sculptor Alan Cottrill, who claimed he was owed $75,000 for intellectual property rights. The dispute over the use of his design for marketing purposes led to a bitter standoff, with Cottrill threatening to withhold the statue until he was fully compensated. Despite these tensions, the statue’s construction proceeded, and a concrete-and-stainless-steel pedestal was installed at Trump’s golf complex in January 2026.\nThough the Trump family publicly distanced itself from the coin, Trump promoted the project, including a link shared to Breitbart News, and kept the spotlight on PATRIOT.\nHis own coin, Official Trump (TRUMP), launched shortly before the PATRIOT unveiling, further complicating the situation and leading to a drop in interest in the competing crypto token. The timing couldn’t have been worse, as the price of PATRIOT tanked just as Trump’s official token took off.\nThe PATRIOT saga, though financially rocky, continues to capture the public’s imagination. The statue, intended as a marketing stunt for the coin, is now poised for an official unveiling in Doral, Florida.\nTrump has reportedly expressed interest in attending the event, though no official date has been set. \nIn the meantime, Cottrill is still waiting for full payment for his work, while the investors continue to promote the project online, hoping the statue’s golden finish will spark renewed interest.\nDespite the setbacks, the statue stands as a symbol of one of the stranger intersections between politics, crypto, and celebrity culture. The backers of PATRIOT have insisted that the project wasn’t about getting rich — it was about building a “people’s crypto token” that would celebrate Trump and his supporters.\nAs of now, it seems more like a monument to memecoins.\n\n\n\n\n\n                Read more:\n            \n\n                Trump denies knowledge of UAE sheikh’s $500M stake in World Liberty","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}