Trump Mobile buyers stuck without phones as TRUMP token sits 97% below peak

Key Points:

• Trump Mobile T1 phone has collected approximately $60 million in deposits from around 600,000 buyers since its announcement, but no confirmed device deliveries have occurred as of May 2026, with delivery dates repeatedly delayed and eventually removed from the website.
• The terms of service for Trump Mobile were updated in April 2026 to state that deposits only provide a "conditional opportunity" to purchase the phone, removing any binding contractual obligation to deliver the product.
• The TRUMP memecoin, launched in January 2025, surged to $73 shortly after launch but has since declined by about 97% from its peak and 82% over the past year, with retail investors reportedly losing around $2 billion collectively.
• TRUMP token’s trading volume and active traders have plummeted by 99% since launch, and the majority of remaining holders now possess less than $1,000 worth of tokens, indicating a shift to small retail investors and diminishing price-driving potential.
• Despite promotional events and insider token unlocks scheduled through mid-2028, the TRUMP token faces significant supply overhang and weak demand, making a return to initial valuations increasingly unlikely.