Summary
- Bill Zanker, the issuer of Trump's meme coin, is reportedly planning to establish a digital-asset treasury (DAT).
- According to sources, there are plans to raise $200 million to $1 billion, seen as an attempt to defend against the meme coin's price decline.
- Official Trump (TRUMP) has fallen to about $8, and only 35% of the total supply is currently in circulation.
Bill Zanker, a close aide to President Donald Trump who handled the issuance of Trump's meme coin, is reportedly planning to establish a digital-asset treasury (digital asset reserve company, hereinafter DAT).
On the 8th (Korea time), Bloomberg, citing sources, reported that Zanker is considering establishing DAT by raising $200 million to $1 billion through 'FightFightFight', which he operates.
Bloomberg interpreted the DAT establishment as an attempt to defend against the meme coin's price decline. Official Trump (TRUMP) fell from a January high of $44 to about $8.
Of the total supply of 1 billion, 35% is in circulation, and the remaining 800 million are tied up with Trump-related entities.
Earlier, Zanker pushed to launch a dedicated wallet for the Trump meme coin, but it was canceled due to a conflict with another Trump family crypto project, 'World Liberty Financial'. World Liberty Financial's token (WLFI) is already being acquired by the digital asset treasury company 'ALT5 Sigma'.
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