Overview

• The gold-colored, foam statue of President Trump holding a Bitcoin stood on 3rd Street near Union Square from roughly 9 a.m. to 4 p.m. before it was removed.
• A collective of cryptocurrency investors and memecoin promoters coordinated the stunt through Pump.fun livestreams, with organizer Hichem Zaghdoudi describing it as a statement about money and technology.
• The unveiling coincided with the Fed’s first rate cut since December 2024, lowering the benchmark to about 4.1%, which organizers cited to highlight crypto’s place in monetary-policy debates.
• An associated Pump.fun memecoin launch saw trading volumes surge after the reveal and then cool as some traders sold, reflecting the stunt’s short-lived market impact.
• Images and videos drew crowds and online attention throughout the day, and reports noted no arrests during the temporary installation.