The company managing President Donald Trump’s memecoin is in the process of raising at least $200 million to create a treasury aimed at sustaining the token’s price, which has dwindled 90% from its earlier peak.
Fight Fight Fight LLC, headed by Trump supporter and promoter Bill Zanker, is at the forefront of this initiative, as reported by Bloomberg, which cited informed sources. The funding goal could soar to $1 billion, although it’s still in nascent stages and may not be completed.
This latest move is part of ongoing efforts to boost the token’s price, which has plunged from its all-time high of $75 back in January down to approximately $8, according to CoinMarketCap. The official TRUMP token has dropped over 10% in the past month.
As per Messari, around 35% of the supply of the Trump token is currently in circulation, valued at about $1.5 billion. The remaining 65%, roughly 800 million tokens, are controlled by Trump-affiliated organizations and are locked under various vesting schedules.
Trump’s Memecoin Dinner Sparks Protests
In May, Trump hosted a private dinner featuring top memecoin holders, where approximately 220 guests, including Tron founder Justin Sun, enjoyed a high-end meal beneath the banners of “Fight Fight Fight.” Outside, more than 100 protesters voiced opposition, accusing Trump of political exploitation and holding signs claiming “crypto corruption.”
Following this event, 35 House members requested a public inquiry from Edward Sullivan, the acting chief of the public integrity section, regarding whether the dinner violated federal bribery laws or the foreign emoluments clause of the U.S. Constitution. It was noted that during the dinner, Trump delivered remarks from a podium bearing the official presidential seal, a situation that could contravene federal regulations.
Other Initiatives in the Trump Network
While plans for the Fight Fight Fight treasury remain theoretical, other Trump-connected entities have already begun similar ventures.
In August, ALT5 Sigma Corporation unveiled intentions to secure $1.5 billion through the sale of 200 million common shares at $7.50 each, earmarked for establishing the World Liberty Financial (WLFI) treasury.
Last month, 99% of WLFI holders also approved a token-burning strategy aimed at decreasing supply and enhancing token value. According to the plan, the fees acquired from WLFI-managed liquidity pools will fund token buybacks, which will subsequently be permanently removed from circulation.
