Bill Zanker Leads $200 Million Fundraise for Trump Meme Coin
Bill Zanker, an ally of Donald Trump, is spearheading efforts to raise at least $200 million for the Official Trump meme coin through Fight Fight Fight LLC. The goal is to stabilize and bolster the token's trading after it plummeted over 90% since its launch, from $75 to around $8.
Rescue Plan Targets Market Pressure
- The initiative involves creating a digital-asset treasury to support the token.
- Only 20% of the token's supply is currently unlocked, with the rest scheduled for future release, causing concerns about potential price pressure.
Rival Token Gains Strength
- World Liberty Financial’s WLFI token has gained substantial backing.
- ALT5 Sigma holds approximately $1.3 billion of WLFI.
- Sentiment tracking indicates a slight dip in community confidence.
Whales And Exchanges Active
- Large crypto players have been accumulating WLFI recently.
- Exchanges like Robinhood, Bitget, Bitpanda, and Indodax invested over $30 million collectively in WLFI.
- Platforms such as Binance, MEXC, and Coinbase have slightly reduced their WLFI holdings.