Former US President Donald Trump is back in the news, this time with his backing of TRUMP, a meme coin, and the ambitious plans behind it. The team behind Fight Fight Fight, aiming to build a Digital Asset Treasury (DAT), seeks to raise up to $1 billion from investors, led by Trump’s long-time associate Bill Zanker. This initiative also explores the potential for a reserve of assets in memecoins. đź’°
Fight Fight Fight’s goal is to create a consolidated fund and financial management system under the DAT framework. The final investment size will be adjusted based on market conditions.
Despite its recent price dip, TRUMP coin, Trump’s own memecoin, has seen significant volatility. It peaked at $44 in January before declining to around $7.6. Bloomberg reports that Fight Fight Fight’s initiatives aim to attract investors and build confidence.
Trump’s foray into cryptocurrency also includes his involvement with World Liberty Financial (WLFI), a separate initiative linked to the Trump family. WLFI launched its own DAT structure on Nasdaq, securing a $1.5 billion securities offering and accumulating close to $1.3 billion in assets. This marks a significant step towards building market credibility for DAT-based business models.
The article ‘Trump Champions Fight Fight Fight’s New Ambition’ was published by COINTURK NEWS.