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Trump memecoin issuer plans $200m token treasury raise
Fight Fight Fight LLC, the company behind Donald Trump’s memecoin, is seeking to raise at least US$200 million to set up a digital-asset treasury to acquire more of the token.
The firm, led by Trump associate Bill Zanker, could raise as much as US$1 billion, though plans are not finalized.
The Trump memecoin is trading at around US$8, down from a January high of US$44, according to CoinGecko.
About 35% of the supply is unlocked, with a market value near US$1.5 billion, data from Messari shows.
The supply is increasing as more coins become available, with 800 million of 1 billion tokens initially locked by Trump-affiliated groups.
Cryptocurrency entrepreneur Justin Sun is a large holder.
🔗 Source: Bloomberg
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