{"id":551467,"date":"2026-02-04T15:40:35","date_gmt":"2026-02-04T15:40:35","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1280808"},"modified":"2026-02-04T15:40:35","modified_gmt":"2026-02-04T15:40:35","slug":"trumps-golden-calf-the-wild-crypto-gamble-behind-the-patriot-memecoin","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/02\/04\/trumps-golden-calf-the-wild-crypto-gamble-behind-the-patriot-memecoin\/","title":{"rendered":"Trump\u2019s \u2018Golden Calf\u2019: The Wild Crypto Gamble Behind the PATRIOT Memecoin"},"content":{"rendered":"<div class=\"eth-editorial-banner\"> <img decoding=\"async\" class=\"eth-editorial-logo\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2025\/11\/cnf2-scaled-1-1-1.png\" alt=\"Crypto News Flash\"> <span class=\"eth-editorial-text\">All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.<\/span> <\/div>\n<ul>\n<li><strong>PATRIOT memecoin fell over 90% after launch while promoters used a 15-foot gold-leaf Trump statue to market it.<\/strong><\/li>\n<li><strong>Sculptor Alan Cottrill claimed $75,000 for IP rights, and the dispute delayed a planned public unveiling.<\/strong><\/li>\n<\/ul>\n<hr>\n<p><span>A 15-foot statue of former U.S. President Donald Trump, cast in bronze and coated with gold leaf, has become central to the marketing of the PATRIOT memecoin, a token promoted through online MAGA-themed communities. The statue, known by supporters as \u201cDon Colossus,\u201d was commissioned after a group of crypto backers raised funds to pay for the sculpture and related installation work, to use the monument to attract attention to the coin.<\/span><\/p>\n<p><span>The project\u2019s organizers positioned the statue as a public-facing symbol meant to drive interest in PATRIOT. Reports showed a launch period in late 2024 in which the token briefly rose in value during a wave of pro-crypto messaging from the American president, before weakening as the broader interest faded.<\/span><\/p>\n<p><span>However, the Trump family <\/span><a href=\"https:\/\/x.com\/EricTrump\/status\/2018445443391508818?s=20\"><span>distanced<\/span><\/a> <span>itself from any formal involvement with PATRIOT, even as Trump-related promotion circulated online.&nbsp;<\/span><\/p>\n<p><span>Last month, CNF <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/eric-adams-unveils-nyc-token-memecoin\/\"><span>noted<\/span><\/a><span> that the former New York City Mayor Eric Adams released the NYC Token memecoin and marketed it as a means of financing blockchain education and social programs. This was followed by major liquidity withdrawals as indicated by on-chain data, which posed a question of centralization and investor risk.<\/span><\/p>\n<h2><b>Statue Promotion, Payment Dispute, and a Delayed Unveiling<\/b><\/h2>\n<p><span>Building and rollout plans were delayed due to intra-group wrangling with Ohio-based sculptor Alan Cottrill. Cottrill alleged that he was entitled to receive up to $75,000 relating to the intellectual property rights and the usage of the design in the promotional contents, which was one of the issues that led to delays in a scheduled public launch.<\/span><\/p>\n<p><span>Separately, a steel-and-concrete pedestal was installed at Trump National Doral in Florida in January 2026, establishing the location set for an unveiling.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Incredible workmanship on the stone cladding of the pedestal. You can tell just how serious they\u2019re taking the significance of this statue.<\/p>\n<p>We cannot wait to present the <a href=\"https:\/\/twitter.com\/search?q=%24PATRIOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$PATRIOT<\/a> statue to <a href=\"https:\/\/twitter.com\/realDonaldTrump?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@realDonaldTrump<\/a> and We\u2019d like to think pictures like this are getting him excited too!! <a href=\"https:\/\/t.co\/qsUJGdkq1v\">pic.twitter.com\/qsUJGdkq1v<\/a><\/p>\n<p>\u2014 Patriot Token (@Patriot_Erc20) <a href=\"https:\/\/twitter.com\/Patriot_Erc20\/status\/2014003238631059777?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">January 21, 2026<\/a><\/p>\n<\/blockquote>\n<p><span>While the statue continued to circulate in promotional posts, PATRIOT\u2019s market performance deteriorated, with reports describing a drop of more than 90% from earlier levels. In addition to the disputes around management and scheduling, interest in the token was pressured by the appearance of a competing Trump-branded <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/what-are-memecoins\/\"><span>memecoin<\/span><\/a><span>, \u201cOfficial Trump,\u201d which drew attention away from PATRIOT during a key promotional window.<\/span><\/p>\n<p><span>Meanwhile, the Trump administration warned it may drop the Digital Asset Market Clarity Act unless Coinbase accepts revised terms on stablecoin yields favored by banking groups. As we <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/trump-administration-to-drop-crypto-bill\/\"><span>reported,<\/span><\/a><span> officials were angered by Coinbase\u2019s withdrawal and framed the legislation as a Trump-backed effort rather than an exchange-led proposal.<\/span><\/p>\n<p><span>At the time of reporting, PATRIOT was trading at about <\/span><b>$0.034,<\/b><span> down roughly <\/span><span><strong>7% <\/strong><\/span><span>from the session\u2019s early peak near <\/span><b>$0.037<\/b><span>.<\/span><\/p>\n<p> <a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. PATRIOT memecoin fell over 90% after launch while promoters used a 15-foot gold-leaf Trump statue to market it. Sculptor Alan Cottrill claimed $75,000 for IP rights, and the dispute delayed a planned public unveiling. A 15-foot statue of former U.S. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":551468,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[25,24093,223],"class_list":{"0":"post-551467","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-news","9":"tag-patriot","10":"tag-trump"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/551467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=551467"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/551467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/551468"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=551467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=551467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=551467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}