The post Bloomberg: Struggling Trump Memecoin Plans $200M Fundraising to Stabilize Falling Price appeared first on Coinpedia Fintech News
Trump-linked token issuer, Fight Fight Fight LLC, is working to raise at least $200 million to establish a digital asset entity. According to Bloomberg, this treasury will focus on buying the struggling token, TRUMP, to maintain a stable price.
Why is Fight Fight Fight LLC Raising Funds
The company led by Trump associate Bill Zanker is seeking to raise up to $1 billion to launch a digital asset treasury (DAT) aimed at acquiring Donald Trump’s (TRUMP) coins. It is planning to support the token’s dropping price, which has plunged from a high of $73.43 in January to about $7.57 today.
The token has seen a 89.7% decline from its all-time high. According to Coincodex prediction, TRUMP would drop by -25.28% and reach $5.68 by November 6, 2025. The highest it could reach by the end of the year is $19.47, signalling a bearish market.
How Can This Help in Price
This move can help Trump’s crypto ecosystem and consolidate holdings within affiliated entities, which will potentially enhance the overall valuation of his crypto assets. It also signals confidence and commitment to the token, likely attracting more investors and holders.
The buyback strategy provides support against a sharp price decline by actively purchasing the tokens, creating a floor price. However, it is important to notice that over 80 digital asset treasury companies have launched this year, many seeing sharp price drops after early spikes.
WLFI Token and DAT
ALT5 Sigma, a company specializing in managing and holding digital assets, is actively purchasing another Trump-backed crypto, World Liberty’s WLFI token. However, this doesn’t indicate any direct help in maintaining the token’s price.
A few days ago, the crypto venture World Liberty Financial announced that it will launch new products, including a debit card and tokenized commodity assets, expanding the TRump empire. This move came after the token hit its all-time low in September, dropping to $0.164.
