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.
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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.
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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.