TRUMP token issuer Fight Fight Fight is raising $200 million to $1 billion to establish a digital asset finance company

ChainCatcher news, according to Bloomberg, informed sources revealed that the startup Fight Fight Fight LLC, which issued its meme coin "TRUMP" just days before Trump's second presidential inauguration, is raising at least $200 million to establish a digital asset reserve company to hoard this struggling token. It is reported that the target amount for this funding round is as high as $1 billion. However, the deal is still in preparation, and its completion remains uncertain.

It is said that the digital asset reserve company (DAT) set up for this meme coin is the latest attempt by Fight Fight Fight to boost its price. The token plummeted shortly after its issuance and has since remained sluggish. Data compiled by CoinGecko shows that the current trading price of the TRUMP token is about $8, far below its peak of $44 in January.