Fight LLC Launches $200M for TRUMP Stability
Fight Fight Fight LLC has begun a $200M treasury initiative to stabilize the TRUMP memecoin, which has plunged by 90%. The initiative is led by Bill Zanker, known for his association with Donald Trump.
The purpose is to accumulate and support TRUMP tokens after substantial market loss. Presently, 80% of the token supply remains within Trump-linked entities, posing liquidity and volatility concerns.
Treasury Initiative Faces Fundraising Challenges
Without large institutional involvement, the fundraising effort is in its early stages. Current estimates suggest $200M to $1B in fundraising goals may prove challenging. TRUMP tokens have slightly stabilized at $8.
The treasury project follows other asset models but could lead to increased centralization and community backlash. Similar buyback efforts have resulted in short-term price support but raised insider control issues.
Insights from Memecoin Buyback History
Past buyback models in memecoin ecosystems, like DOGE, have achieved temporary price stability, yet increased volatility. Few political-themed tokens have attempted such significant funding.
Kanalcoin experts note potential outcomes may mimic past trends, suggesting temporary price stabilization but eventual community discontent. With no regulatory guidance yet, centralization remains a central concern.
“The community's perception of the treasury's management will play a crucial role in the future of TRUMP as a politically branded crypto asset.” – Industry Expert, Ainvest
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