A group of memecoin enthusiasts staged a flashy stunt in Washington, D.C. on Wednesday, unveiling a massive golden statue of the U.S. President Donald Trump holding a bitcoin.
The 12-foot statue, made of hard foam, was placed on the National Mall along First street Northwest, directly across the U.S. Capitol, just a mile from the White House.
Students from Liberty University, who came up with the statue’s idea, drove it into town. The statue took five weeks to complete. Videos shared online show the statue’s head being carved by a machine before a team carried it into position.
The organizers tied the stunt to Pump.fun, a memecoin platform, where they ran multiple livestreams to boost their token.
Organizers hail Trump’s pro-crypto role
One of the organizers, Hichem Zaghdoudi, told ABC 7News DC that the statue was meant to spark debate about “the future of government-issued currency” and symbolize how politics and financial innovation intersect.
“It shows that’s the future and this is our thank you, our statement, to the president,” Zaghdoudi said. “This is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin.”
The group described the statue as a tribute to Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.”
The unveiling coincided with the Federal Reserve’s first interest rate cut of 2025, lowering rates by 25 basis points, a move often seen as bullish for risk assets like Bitcoin.
National Mall becomes hotspot for Trump statues
The Trump-Bitcoin statue is the third Trump-themed display to appear on the National Mall this year, but notably the first in support of him.
Earlier installations included a golden hand crushing the Statue of Liberty’s crown in protest of Trump’s military parade and a golden television playing a controversial video involving Trump and Jeffrey Epstein.
While Bitcoin has surged since late 2023, before Trump returned to office, his pro-crypto stance and campaign backing from the industry have cemented his image as the “Bitcoin president.”
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