The post Trump Memecoin Issuer Eyes Republic.Com Deal to Boost Adoption, Token Rallies appeared first on Coinpedia Fintech News
Trump memecoin issuer Fight Fight Fight LLC, is reportedly in talks to buy the U.S. operations of crowdfunding site Republic.com, according to Bloomberg. This deal would expand the token’s use case and give the token fresh momentum amid increased volatility.
Republic Deal Could Expand Token Use
The potential acquisition could open the door for Fight Fight Fight to promote the Trump-linked token as a tool for investors and also help crypto startups raise new capital. Republic is also exploring deals with other potential partners.
Republic.com has already supported over 3,000 fundraising rounds. The platform serves both accredited and retail investors, allowing them to back small businesses. It also offers blockchain-based tokens tied to real-world assets like equity and investment funds.
According to its website, Republic’s backers include Galaxy Digital and Binance’s venture arm. Trump recently pardoned Binance co-founder Changpeng Zhao, which led to widespread attention and speculation.
Expanding Real-World Adoption
Fight Fight Fight has been working to broaden the memecoin’s real-world use, and a few websites have already started accepting it for payments. With this acquisition, the company could offer grants denominated in the Trump memecoin and allow people to invest in startups and pay fees with the token.
The company also plans to raise at least $200 million to build a digital asset treasury to accumulate the memecoin.
CIC Digital LLC, an affiliate of The Trump Organization, and Fight Fight Fight together hold about 80% of the memecoin, with their holdings locked for three years. Both CIC Digital and the owner of Fight Fight Fight also earn revenue from trading activity tied to the token.
Trump Token’s Price Swings
The TRUMP memecoin was launched in January and quickly soared in value before crashing. Its market cap reached nearly $9 billion before collapsing.
In May, Fight Fight Fight had also hosted a dinner for Trump token holders that was attended by prominent figures like Justin Sun. This was seen as an effort to boost the coin’s value.
TRUMP Rises Amid US-China Optimism
The memecoin has recently surged amid the optimism over US-China trade talks. The token tends to rally on positive political developments led by the President but these gains are usually short-lived.
It currently has a market cap of about $1.6 billion, and is trading at $8.34, with a 7% gain over the last 24 hours and is up more than 40% over the past week. Analysts expect the coin to reach around $10 given its recent momentum.
However, it’s important to note that the token is still down 88% from its all-time high in January.
The coming weeks will reveal whether the Republic move can give the Trump token real staying power.
