Startup behind the official memecoin of US President Donald Trump seeks to raise at least $ 200 million to build a digital property treasure trove aimed at buying token, which broke about 90%from the top.
Fight Fight Fight LLC, led by Trump’s Allied and longtime promoter Bill Zanker, is efforted to work, Bloomberg reported Wednesday, citing people who are familiar with these things. The aim of financing could reach as much as $ 1 billion, although the job remains in the early stages and may not come true.
This move was marked by the latest attempt to revive the price of token, which in January fell from $ 75 at around $ 85, according to Coinmarketcap. The official Trump (Trump) has been reduced by more than 10% in the last month.
According to ButcherAbout 35% of Trump’s token supply is currently unlocked and traded, which gives it a market value of $ 1.5 billion. The remaining 65%, about 800 million tokens, hold Trump subjects and locked in the assignment schedule.
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Trump’s memecoin dinner triggers protests
In May, Trump attended a private dinner with the best owners of his memecoin, where about 220 guests, including the founder of the Justin Sun Trone founder, had dinner on Filet Mignon and Halibut under the banners “Fight Fight Fight”. Outside, over 100 protesters denied the event as political profitation, holding the signs accusing Trump of “cryptocurrency”.
Following the event, 35 members of the house asked the acting head of the public integrity chief, Edward Sullivan, to launch an investigation at Memeco’s evening to determine if he had violated the federal statute of bribery or the American Constitution’s clause.
As Cointelegraph reported, Trump also faced surveillance after talking at the event, while standing behind Lectern decorated with an official presidential seal, a move that could violate the Federal Law.
Related: Melania Trump promotes memecoin because the team faces sales of $ 10 million
ALT5 SIGMA for the construction of a World Freedom Financial Treasury
Although the rear fight fight fight Fight remained conceptual, the second venture related to Trump have already continued with similar initiatives.
In August, the ALT5 SIGMA Corporation announced that she plans to raise $ 1.5 billion with $ 200 million in shares at $ 7.50. The funds will be used to build the World Liberty Financial Corporate Treasury.
Last month, 99% of WLFI owners also approved a token combustion strategy to reduce the supply and increase the token value. According to the plan, the fees generated from the Liptrician-managed basin will be used to buy token, which will then be permanently removed from the circulation via Burns.
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