The startup behind former US President Donald Trump’s official memecoin is reportedly seeking to raise at least $200 million to establish a digital-asset treasury aimed at buying back the token, which has plunged nearly 90% from its peak.
According to a Bloomberg report citing people familiar with the matter, Fight Fight Fight LLC — led by Trump ally and longtime promoter Bill Zanker — is spearheading the fundraising effort. The target could climb as high as $1 billion, though discussions are still in the early stages and may not come to fruition.
The initiative marks the latest attempt to stabilize the token’s price, which has tumbled from an all-time high of $75 in January to around $8, per CoinMarketCap data. The Official Trump token has also dropped more than 10% in the past month.
Data from Messari shows that roughly 35% of the token’s supply is currently unlocked and available for trading, giving it a circulating market capitalization of about $1.5 billion. The remaining 65% — roughly 800 million tokens — is held by Trump-affiliated entities and remains locked under vesting schedules.
In May, former President Donald Trump attended a private dinner with major holders of his official memecoin, where roughly 220 guests — including Tron founder Justin Sun — were served filet mignon and halibut beneath “Fight Fight Fight” banners. Outside the venue, more than 100 protesters gathered, accusing Trump of “crypto corruption” and denouncing the event as political profiteering.
Following the dinner, 35 members of the US House of Representatives urged acting chief Edward Sullivan of the Public Integrity Section to investigate whether the event violated federal bribery laws or the Constitution’s foreign emoluments clause.
Trump also faced backlash after addressing attendees from behind a lectern bearing the official presidential seal — a move that could breach federal law.
ALT5 Sigma to develop World Liberty Financial treasury
While Fight Fight Fight’s proposed token treasury is still in its early stages, other Trump-linked ventures have already moved forward with similar plans.
In August, ALT5 Sigma Corporation unveiled a $1.5 billion fundraising initiative through the sale of 200 million common shares at $7.50 each, with proceeds earmarked for building its World Liberty Financial (WLFI) corporate treasury.
Last month, WLFI holders overwhelmingly backed a token-burning strategy — with 99% voting in favor — aimed at reducing supply and supporting the token’s value. Under the plan, fees generated from WLFI-managed liquidity pools will be used to repurchase tokens, which will then be permanently removed from circulation.
