Trump Family Scrambles to Cut Ties to Giant Gold ‘Don Colossus’ Statue
Laura Esposito
Tue, February 3, 2026
DAILY BEAST
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.
Construction started in July 2024. / Screenshot/X
The investors have teased the installation of the statue at a Trump property for months. / Screenshot/X
“The team at Trump Doral will be busy cladding the pedestal, installing a ton of up/down lighting and landscaping in the coming days,” an early January X post from Patriot read. “What @realDonaldTrump has in store for the $PATRIOT community and his inner circle for this unveiling will surely be spectacular!”
That anticipation, however, came to a screeching halt on Monday, when Eric Trump publicly disavowed the project.
“The Trump Organization has no association of any kind with the Patriot Token or meme coin ($PATRIOT) referenced below,” he wrote on X in reply to a Jan. 9 Patriot post. “We appreciate the support and enthusiasm, but we want to be crystal clear—we are not involved in this coin.”
Eric Trump burst the crypto bubble. / Screenshot / X
The president’s second son’s outright rejection of “Don Colossus” marked a sharp departure from his father’s earlier enthusiasm.
“It LOOKS FANTASTIC,” Trump, 79, wrote to Pastor Mark Burns—one of the initiative’s leading figures—according to The Times.
The family’s sudden retreat may stem from the president’s launch of a competing memecoin, $TRUMP, just two weeks before he was sworn in for his second term. It may also reflect turmoil among the investors themselves after the statue failed to deliver the financial windfall they anticipated, The Times reported.
The $TRUMP meme crypto coin web page. / NurPhoto / NurPhoto via Getty Images
The Trumps, meanwhile, have pulled in at least $867 million from cryptocurrency ventures—a figure that could be significantly higher. Eric Trump has acknowledged that the family’s crypto earnings likely exceed public estimates, according to an interview with the Financial Times.
The 'Trump Gold Card' is one of Trump's many ventures. / Anadolu / Anadolu via Getty Images
Those gains account for the largest share of the estimated $1.4 billion Trump and his family have raked in since he returned to office a year ago, newly disclosed figures show—raising fresh questions about conflicts of interest and the increasingly blurred line between the presidency and personal profit.
At the same time, not all is well in Trump’s cryptoworld. The president’s memecoin has lost nearly all of its value from its peak a year ago. When the president’s $TRUMP launched last Jan. 20, just ahead of Trump’s return to the White House, it surged $1.20 to a high of $75.35, generating a market value of billions. However, 12 months later, it is now trading at $4.86, a 94 percent drop, according to The Financial Times.
The Daily Beast has reached out to the Trump Organization for comment. Talking to the Times, spokeswoman Kimberly Benza said the company was unaware of the memecoin until contacted by the Times, claiming it had “no knowledge” of it.
In a reply to Eric on X, Dustin Stockton, a right-wing activist involved in the statue project, wrote: “Thank you Eric, Frustrating that fake news forced this to be clarified because the $PATRIOT statue and token were community driven initiatives to show our support and gratitude for your Dad and family.” He added, “Looking forward to unveiling the big beautiful statue.”
‘Don Colossus’ — a 22-foot tall Golden statue of Trump — is set to rise where US will host world leaders for G20
Andrew Feinberg
Tue, February 3, 2026
THE INDEPENDENT
A group of cryptocurrency enthusiasts have funded a 15-foot bronze statue of President Trump, named "Don Colossus," to promote their memecoin $PATRIOT at Trump National Doral in Miami.
When world leaders arrive at this year’s Group of 20 summit hosted by the United States in Miami later this year, they’ll be greeted by a massive golden statue depicting the owner of the summit venue — a man who also happens to be the President of the United States.
A new statue of Trump has been funded by a group of cryptocurrency enthusiasts who have named the project “Don Colossus” and commissioned the likeness of the president as a way of drumming up publicity for their memecoin, $PATRIOT.
According to the New York Times, a steel and concrete pedestal has been built for the statue, which is being sculpted by Alan Cottrill, at Trump National Doral outside Miami.
Cottrill, an Ohio-based artist who has built other statues of former presidents and has at least one piece on display in the U.S. Capitol’s art collection, told the Times the crypto bros who commissioned the 15-foot bronze piece (it will be 22 feet on its pedestal) asked him to make some improvements to the look of the nearly 80-year-old president.
“I had him very lifelike,” Cottrill told the Times. “The crypto guys said I had to get rid of some of the turkey neck. I had to thin him down.”
A new status of Donald Trump is being created and will be placed at his golf club in Miami. A picture of a giant Trump statue made a year ago by artist Alana Cottrill (Instagram/alan cottrill)
Small models of the planned Trump statue are depicted in this photograph from the sculptor’s Instagram page (Instagram/alan cottrill)
Cottrill is currently holding the completed work at his Ohio foundry due to a dispute with the crypto bros who commissioned it. He has complained that they unlawfully used an image of his work to market their memecoin, which has since cratered in value.
According to the Times, he says he is owed $90,000 by his patrons out of a $150,000 lump sum he was to be paid for the rights to the statue.
“That statue will not leave my foundry until everything they owe me is paid,” he said.
One of the people who commissioned the project, Ashley Sansalone, told the Times he would be paid in full before the statue is revealed.
“Under any business agreement, there’s always some funds withheld until the finished product is complete,” he said.
Cottrill has shared his work on social media, including images of a giant Trump statue that was met with a host of praise including “Very cool!” from one user and “The master’s hand, Brilliant work Alan,” from another.
The statue is something similar to see in other nations - such as North Korea (AFP/Getty)
The monument to Trump appears to be loosely based on an image taken of him just after a gunman narrowly missed his head during a July 2024 speech in Butler, Pennsylvania.
The president is depicted with an open-collared dress shirt and suit with his fist raised to the air.
Like most things Trump is fond of, it will be covered in pure gold leaf. But at 22 feet on the pedestal, it will be far smaller than other large monuments to world leaders, such as the 72-foot statue of late North Korean dictators Kim Il-sung and Kim Jong-il at the Mansudae Grand Monument in Pyongyang.
The White House has maintained that it is not involved in the crypto project or the related statue setup, and the Trump Organization did not immediately respond to a request for comment.
But the Trump administration was and is involved in planning for this year’s Group of 20 summit — including the choice of the Trump-owned resort as a venue this past September.
At the time, Trump said Treasury Secretary Scott Bessent would organize the agenda for the meeting, which he said will focus on "unleashing economic prosperity by limiting, eliminating the burdens of regulations, unlocking affordable energy, and pioneering new technologies."
The White House has said Trump National Doral would host the meeting "at cost, and will receive no profit from either the State Department or a foreign government."





