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Trump Memecoin Backers Weigh Republic’s US Buyout amid $200M Fundraising

by

Fight Fight Fight, the company managing the Trump-linked
memecoin, is reportedly in talks to buy the US operations of investment
platform Republic.com.

According to Bloomberg, the discussions are ongoing and
involve several potential partners. If completed, the deal could allow Republic
users to trade using the Official Trump memecoin and provide crypto startups
with new fundraising options.

Digital
assets meet tradfi in London at the fmls25

The talks come as Fight Fight Fight was also reported to be
raising $200 million for a digital asset treasury aimed at acquiring more of
the memecoin.

Galaxy, Binance Back Republic Platform

Sources familiar with the talks said the negotiations are
private. Fight Fight Fight and CIC Digital, a firm connected to The Trump
Organization, together hold about 80 percent of the Trump memecoin supply.

Republic has supported more than 3,000 fundraising campaigns
and caters to both retail and accredited investors. Its investors include
Galaxy Digital and Binance’s venture arm. The platform has also explored
blockchain technology for tokenizing real-world assets.

Trump-Linked Crypto Projects Face Volatility

The Trump memecoin, launched in January before Trump’s
second inauguration, reached a market capitalization close to $9 billion before
falling sharply to about $1.64 billion, according to CoinMarketCap. The token
has dropped nearly 90 percent from its peak.

Separately, World Liberty Financial, another crypto project
linked to Trump, announced it would distribute 8.4 million WLFI tokens worth
roughly $1.2 million to early participants in its USD1 stablecoin loyalty
program.

Trump Token Surged After Dinner Announcement

Back in April, the TRUMP token surged almost80% as a
top holder announced plans to pay $5million
for a private gala dinner
with Donald Trump.

The token peaked near$16.17
before correcting to around$12.11.
Other factors included a delayed unlock of 40million
tokens and its positioning as part of an “access economy,” offering holders unique experiences and
privileges linked to the memecoin.

This article was written by Tareq Sikder at www.financemagnates.com.

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