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- Trump’s crypto startup targets $200 million to build token treasury.
- Fight Fight Fight plans major fundraising amid memecoin market decline.
- Alt5 Sigma’s Trump-backed token treasury fuels political crypto momentum.
Fight Fight Fight LLC, the crypto firm behind Donald Trump’s memecoin, plans to raise at least $200 million. Bloomberg reported that the company could extend the target to $1 billion if investors show strong interest.
The suggested fundraising will help to develop a digital asset treasury (DAT) dedicated to the Trump memecoin. Sources revealed that the DAT could hold large amounts of the token to stabilize its value.
Fight Fight Fight has hosted multiple promotional events, led by Trump’s long-time promoter, Bill Zanker, to keep the project alive. One of them was a private dinner with Trump, earlier this year, for the top coinholders.
The memecoin has been on a sharp decline in recent months, according to CoinGecko. It peaked at around $44 in January but has dropped to $7.60 this week, losing 4.6 percent in the past 24 hours.
Its market capitalization is currently estimated at approximately $1.5 billion, although its fully diluted valuation is $ 7.6 billion. Even with the decline, investors seeking exposure to politically related assets continue to join the project.
Also Read: Institutions and Spot ETFs Now Hold Over 10% of Ethereum Supply, Data Shows
Political Crypto Projects Gain Traction
The fundraising drive by Fight Fight Fight is based on a similar push by Alt5 Sigma, a Nasdaq-traded fintech firm. The recent product of Alt5 Sigma is a World Liberty Financial (WLFI) token treasury supported by the Trump family. In September, the firm announced that it had approximately 1.3 billion dollars of WLFI.
Analysts believe that these ventures combine politics and digital finance within the same investment structure. Nonetheless, analysts caution that the high dependence on volatile tokens may be critical both financially and from a regulatory perspective.
It would require a high level of transparency and compliance with securities laws to build a treasury of this magnitude. Investor trust and market stability will determine the project’s success.
The fight and the White House have not made any comment in connection with the Bloomberg report. Nevertheless, the fundraising campaign demonstrates that Trump continues to dominate the digital asset market and that it is increasingly linked to political activities.
Also Read: Crypto Funds Record Massive Inflows as Market Sentiment Strengthens
