The company Fight Fight Fight LLC, led by business promoter Bill Zanker, is working on a plan to raise at least $200 million. The main purpose of this initiative is to create a digital asset vault aimed at accumulating Trump’s official cryptocurrency (TRUMP).
This information comes from a report by the Bloomberg news agency citing a source familiar with the situation. According to the report, negotiations are in the early stages, with a basic target of $200 million. The project’s goals show a funding range of up to $1 billion.
Sources interviewed by the media said the agreement was still ongoing and there was no guarantee that it would be completed.
This movement comes amidst the sluggish performance of Memecoin. At the time, CriptoNoticias reported that its price was $7.50 per unit, well below the highest price reached in January this year, at $44 (over $70 on some exchanges).
The creation of a specialized Treasury Ministry could be interpreted as an effort on the part of its proponents to generate greater support and stability in the market.
The following graph shows the historical movement of the TRUMP memecoin.
Bill Zanker is close to President Donald Trump and has been involved in promoting the digital asset since its launch. Meanwhile, Fight Fight Fight LLC specializes in initiatives related to TRUMP-inspired branded products.
(Tag Translation)Altcoin
