TRUMP Memecoin Crypto Project Pursues $200M Fund to Rescue Collapsing Token

The startup behind TRUMP memecoin is looking into raising $200 million or more to establish a digital asset treasury. The bid to create this treasury is an effort to stabilize the U.S. President Donald Trump’s token, which has plunged drastically by 90% since its last peak in January.

According to a Bloomberg report, Fight Fight Fight LLC, led by Trump associate Bill Zanker, is spearheading the fundraising initiative. Sources said the target could rise as high as $1 billion, though discussions remain in early stages and may not result in a finalized deal. The planned treasury would be used to buy back tokens and restore investor confidence after months of sharp declines.

The memecoin, dubbed Official Trump (TRUMP), surged to $75 earlier this year before collapsing to around $8, data from CoinMarketCap shows. The token has dropped another 10% in the past month. Blockchain analytics firm Messari estimates that 35% of the token’s total supply is currently in circulation, valued at roughly $1.5 billion, while the remaining 65%, around 800 million tokens, is held by Trump-linked entities under vesting schedules.

The token’s launch has not been without political turmoil. In May, Trump hosted a private dinner for top TRUMP token holders, attended by about 220 guests, including Tron founder Justin Sun. The event sparked protests from more than 100 demonstrators, accusing Trump of “crypto corruption” and exploiting political influence for profit.

Following the dinner, 35 members of Congress called for an ethics investigation into whether the gathering violated federal bribery laws or the foreign emoluments clause. Additional scrutiny arose when Trump delivered remarks behind a lectern displaying the presidential seal, a potential breach of federal regulations.

While Fight Fight Fight’s treasury remains conceptual, other Trump-affiliated ventures are advancing similar projects. In August, ALT5 Sigma Corp. announced a $1.5 billion capital raise to fund its World Liberty Financial (WLFI) treasury. WLFI token holders later approved a token-burning strategy to reduce supply and support prices, an approach that may inspire the TRUMP coin’s revival plan.