Giant Golden Trump Statue Appears Outside US Capitol In Solana Memecoin Stunt

Core Insights - A 12-foot statue of President Donald Trump holding a Bitcoin was erected outside the U.S. Capitol as a tribute to his support for the cryptocurrency industry, aiming to promote discussions about the future of fiat currency and the intersection of politics and financial innovation [2][3]. Group 1: Cryptocurrency Market Impact - The statue's unveiling coincided with a surge in the market cap of the associated memecoin, Donald J. Trump Golden Statue, which peaked at over $2 million on September 17 before plummeting to approximately $23,300 [4]. - The event generated nearly $75,000 in creator rewards through livestreaming on the Solana memecoin launchpad pump.fun [4]. Group 2: Broader Industry Trends - The statue is part of a series of promotional stunts by Solana memecoin creators, which have included various attention-grabbing activities to boost their tokens [6]. - Another token, Bagwork, gained significant media attention through stunts, achieving a market cap of $54 million before dropping to $5 million, with their livestreams earning over $100,000 [7].