Memecoin Trump issuer looks up to USD $ 1 billion for new crypto treasury
By Hannah Pérez
Bill Zanker’s startup, Trump’s friend, would be looking for capital to create a company with Cryptocurrency Treasury focused on Trump, in an attempt to help Token recover after a fall of 89.7%.
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- The startup issued Trump in January seemingly seeks to create a Treasury of the Memecoin.
- The issuer, Fight Fight Fight, is directed by Bill Zanker, a friend close to President Donald Trump.
- It has plans to raise between USD $ 200 million and $ 1 billion.
- It is an attempt to help Token recover after a fall of 89.7% from its maximum post debut.
🚨 The memecoin Trump issuer seeks between USD $ 200 and $ 1 billion to create a cryptocurrency treasury.
The Startup Fight Fight Fight, directed by Bill Zanker, tries to revitalize a token that has fallen 89.7% since its peak.
This movement occurs in a … pic.twitter.com/afsageo1ye
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The startup Fight Fight Fightdirected by Bill Zanker, – a friend and long -standing promoter of President Donald Trump – who launched the official Trump memecoin in January, would be looking for capital to form a cryptocurrency treasury.
According to a report from Bloomberg this Wednesday, Fight Fight Fight is in full negotiations to raise between USD $ 200 million and $ 1 billion with the aim of launching a digital assets treasury company (DAT) dedicated exclusively to accumulate the Token Trump.
This initiative arises in the middle of the pronounced fall in the value of the Token, issued just days before the second inauguration of Trump in January, and represents Zanker’s last effort to revitalize an asset that has lost almost 90% since its maximum price.
According to sources familiar with the matter cited by Bloombergthe Treasury plan seeks to stack large amounts of memecoin to stabilize and raise its price, although the agreement is still in initial stages and may not be realized.
Fight Fight Fight LLC He did not respond immediately to requests for comments, as did the White House.
He doesn’t want Trump to stay behind in the DAT’s trend
This move is part of a growing trend in the crypto sector, where hundreds of similar companies have emerged this year to accumulate various cryptocurrencies. While the vast majority – one 200 public companies– They seek to imitate Strategy buying Bitcoinothers opt for Altcoins as Ethereum or even Memecoins like Dogecoin.
The memecoin Trump reached a maximum of $ 44 in January, but currently negotiated around $ 7.5, with a 3.8% drop in the last 24 hours, according to data from Coingcko. Its circulating market capitalization is around USD $ 1.5 billion, with a totally diluted value of USD $ 7.6 billion.
Approximately 35% of the total supply of 1,000 million tokens is unlocked and available for trade, while the rest remains under control of entities associated with Trump and gradually released.
Effort to drive Trump after his dramatic fall
This is not Zanker’s first attempt to boost the Token. In May, he organized an exclusive dinner with Trump for the main holders of the Memecoin, where prizes such as clocks were given and a “marker”From Holders on social networks.
Among the attendees included the businessman Crypt Justin Sun, also a investor of World Liberty Financial —Other project linked to the Trump family, and one of the largest owners of Token. In addition, a previous plan to create a “Wallet”From Trump, which would allow to operate with the Memecoin and other digital assets, was frustrated due to a dispute with World Liberty Financial, which sent a cease and withdrawal letter.
In parallel, other crypto projects linked to Trump advance. For example, Alt5 Sigmaa Fintech firm listed in Nasdaq, revealed in a regulatory presentation that accumulates around USD $ 1.3 billion in Wlfi tokens of World Liberty Financialserving as treasury for that asset. The Trump family has aggressively expand its presence in the sector during the last year, with businesses that include a Bitcoin mining operation, a stablecoin, a treasury of Bitcoin and funds quoted in the Cryptocurrency Bag (ETF).
This potential collection for an Trump Memecoin Treasury could mark a milestone at the intersection between politics and cryptocurrencies, although it faces risks in a volatile market where similar projects have failed to maintain the initial momentum. It remains to be seen if this strategy will reverse the descending trajectory of Token, in a context where Trump’s influence in the crypto world continues to grow.
Article written with the help of AI, edited by Diariobitcoin
Image generated with AI tool, under free use license
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