$200 Million Rescue Plan: TRUMP Meme Coin Fights For Survival

Bill Zanker, a longtime ally of US President Donald Trump, is leading an effort to raise at least $200 million to prop up the Official Trump meme coin, reports have disclosed. Related Reading: XRP Open Interest Nears $3B As CEO Sees $10B ETF Inflows Ahead The bid is being run through a vehicle called Fight Fight Fight LLC, and backers say the fundraising could climb as high as $1 billion, though the deal is not guaranteed to close. Rescue Plan Targets Market Pressure According to Bloomberg and people familiar with the effort, the token has lost most of its value since launch, sliding from $75 in January to around $8 today — a drop of more than 90%. Zanker’s pitch is to build a digital-asset treasury that would buy and support the token to steady trading and rebuild investor interest source: https://www.newsbtc.com/altcoin/200-million-rescue-plan-trump-meme-coin-fights-for-survival/