TRUMP Memecoin Fighting for Survival | $200M Treasury Amid 90% Value Drop
In a dire move, Fight Fight Fight LLC, the issuer of the TRUMP memecoin, is looking to raise $200 million to create a digital-asset treasury. This comes after the token's value nosedived 90%, now trading around $8. This effort, driven by Trump supporter Bill Zanker, raises eyebrows amid ongoing legal troubles and speculation about Trump's involvement.
The Dramatic Decline
Once worth $75, the TRUMP token's sharp fall has left many investors fuming. Comments on forums reflect widespread disappointment:
Outrage Over Financial Decisions: "That defeats the purpose of this treasury; it’s just extra liquidity for them to offload their bags."
Continued Disbelief: "Jesus Christ, what a clown world."
Allegations of Corruption: "They're corrupt clowns spending money for an alternative objective."
Plans for Recovery
Zanker’s plan aligns with recent strategies from other crypto projects like ALT5 Sigma, which aims to raise $1.5 billion. Yet, skepticism remains as many consider the treasury strategy a possible precursor to a rug pull once Trump leaves office. One prominent comment noted, "A few of these lock-ups are set to expire soon."
Investor Sentiments Exposed
The community is rife with anxiety:
"This shows how risky meme coins can be."
Many express frustration, staunchly refusing to invest further, with remarks like, "No matter what they do, I’m not touching $TRUMP."
Key Insights
△ The TRUMP token is down 90%, currently valued at $8.
▽ Attempts to create a $200 million treasury may backfire.
※ "This is another grift; Trump needs the price up to increase his wealth."
Uncertain Future
Many believe reviving the TRUMP memecoin is a long shot. Experts suggest a 60% chance that the treasury plan could draw new interest, contingent on favorable political shifts for Trump. Conversely, the ongoing doubts could trigger a 40% likelihood of further sell-offs.
Reflecting on the Past: What Can We Learn?
Looking back, the TRUMP memecoin resembles the fate of Pets.com, which shot to fame before crashing. Both cases highlight how quickly enthusiasm can diminish when stability is questioned, serving as a cautionary tale for investors navigating volatile waters.
With sentiment heavily leaning negative and increasing scrutiny, the TRUMP memecoin's viability is in jeopardy as stakeholders watch closely.