TRUMP Meme Coin to Receive $200 Million Treasury Boost
The Official Trump (TRUMP) meme coin is set to receive a $200 million boost to its treasury. Fight Fight Fight LLC, the company behind TRUMP, plans to raise between $200 million and $1 billion to establish a crypto treasury firm aimed at stabilizing the coin's value.
Current Developments
- Bill Zanker leads the fundraising effort, aiming to support the TRUMP token.
- The token has decreased by 90% from its peak in January 2025.
- A new digital asset treasury firm is being considered to stabilize the token price.
- Plans for a Trump-branded digital asset wallet have been delayed due to disputes with World Liberty Financial (WLF).
Technical Analysis
- TRUMP is showing potential for a breakout from a descending wedge pattern, indicating possible upward momentum.
- 24-hour trading volume increased by over 100% to $517.09 million, signaling strong liquidity.
- Volume-to-market-cap ratio of 0.28 suggests active trading interest.
- Only about 35% of the token supply is unlocked, with a circulating market value around $1.5 billion.
