TL;DR
- Treasury push: Fight Fight Fight LLC, led by Bill Zanker, is targeting a $200M treasury to buy back Trump’s memecoin, with insiders suggesting the figure could rise toward $1B if investor interest holds.
- Market collapse: The token has plunged from $75 in January to around $8, losing 90% of its value, with 35% of supply unlocked and a $1.5B circulating market cap, while the rest remains under vesting.
- Political scrutiny: Trump’s private dinner with 220 token holders drew protests and triggered calls from 35 lawmakers for a federal inquiry into potential legal violations.
The company behind Donald Trump’s official memecoin is moving to stabilize its collapsing market value by raising a massive $200 million treasury. The initiative comes after the token lost 90% of its peak price, sparking concerns among holders and drawing political scrutiny.
$200M Treasury Plan
Fight Fight Fight LLC, led by Trump ally Bill Zanker, is spearheading the fundraising effort. According to Bloomberg, the company aims to establish a digital-asset treasury that would buy back the memecoin in an attempt to support its price. While the initial target is $200 million, insiders suggest the figure could climb as high as $1 billion. The plan remains in early stages and may not materialize, but it underscores the urgency of addressing the token’s steep decline.
Token’s Market Collapse
The Trump memecoin has plunged from an all-time high of $75 in January to about $7, dropping nearly 4% in the last 24 hours, according to CoinMarketCap. Over the past month alone, the token has dropped more than 10%. Messari data shows that 35% of the supply is unlocked and tradeable, giving it a circulating market value of $1.5 billion. The remaining 65%, roughly 800 million tokens, is held by Trump-related entities under vesting schedules.
Political and Legal Scrutiny
The memecoin has not only faced market volatility but also political backlash. In May, Trump attended a private dinner with about 220 token holders, including Tron founder Justin Sun. The event drew over 100 protesters, accusing Trump of “crypto corruption.” Following the dinner, 35 House members requested an inquiry into whether the gathering violated federal bribery statutes or the foreign emoluments clause. Trump also faced criticism for speaking behind a lectern bearing the presidential seal, a move that may breach federal law.
Comparisons to Other Ventures
While Fight Fight Fight’s treasury remains conceptual, other Trump-linked ventures have already advanced similar strategies. ALT5 Sigma Corporation announced plans to raise $1.5 billion to build its World Liberty Financial treasury. Last month, 99% of WLFI holders approved a token-burning strategy to reduce supply and potentially boost value. These moves highlight a broader trend of Trump-affiliated projects seeking financial engineering to stabilize token ecosystems.
