Trump Meme Coin Issuer Seeks $200M for Treasury Company to Support Token
The issuer of Donald Trump’s meme coin is working to increase a minimum of $200m for a digital-asset treasury firm that will purchase up the struggling token, Bloomberg reported Wednesday.
Bill Zanker, a longtime Trump affiliate and promoter, is main the hassle by means of Fight Fight Fight LLC. Funding ambitions might reportedly climb to as a lot as $1b, though the hassle stays ongoing and will not in the end be accomplished.
Zanker’s newest try to shore up the Trump coin comes after its steep drop from $44 in January to about $8 at present.
Clash With World Liberty Financial Derailed Wallet Initiative
Plans for the digital-asset treasury, or DAT, observe a wave of comparable automobiles launched this 12 months. PitchBook knowledge reveals greater than 80 firms have entered the house in 2025, lots of which noticed valuations slip after an early burst of pleasure.
Trump himself has lent visibility to the challenge. In May, he attended a dinner with top holders of the meme coin. Before the occasion, Fight Fight Fight promoted a contest on social media. A scoreboard tracked main traders who would qualify for a seat on the desk.
Later in the summertime, Zanker’s plan for a Trump-branded pockets collapsed. The setback adopted a conflict with one other Trump-linked crypto enterprise, World Liberty Financial. Meanwhile, that agency’s WLFI token has already drawn curiosity from ALT5 Sigma, a separate digital-asset treasury firm.
Majority Of Tokens Held By Trump-Linked Entities Unlocking Gradually
The Trump token’s supply stays tightly managed. According to Messari, solely about 35% is unlocked, giving the token a circulating market worth of roughly $1.5b. Meanwhile, the remaining, largely held by Trump-linked entities, continues to unlock regularly.
The whole provide is capped at 1b tokens, with 800m locked at launch. In addition, crypto entrepreneur Justin Sun ranks among the many largest holders. Sun, who additionally advises World Liberty Financial, attended the May dinner and obtained a watch.
Struggling Token Spurs Zanker To Seek Fresh Investor Support
Zanker’s fundraising drive comes because the Trump household expands its involvement in digital belongings.
Over the previous 12 months, it has launched ventures in Bitcoin mining, a stablecoin challenge, a treasury technique, and exchange-traded funds tied to the world’s largest cryptocurrency.
For Zanker, the treasury plan is an try to revive momentum in a token that has struggled to hold investor confidence.
The put up Trump Meme Coin Issuer Seeks $200M for Treasury Company to Support Token appeared first on Cryptonews.
