Trump Memecoin Issuer Seeks Acquisition of Republic's U.S. Operations

Trump memecoin issuer in talks to acquire investment platform Republic’s US operations

Fight Fight Fight, the company responsible for the memecoin linked to Donald Trump, is reportedly in negotiations to buy the U.S. operations of the investment platform Republic.com. This potential acquisition could allow users of Republic to conduct transactions with the Official Trump memecoin, which may also provide emerging crypto startups with fresh opportunities to raise funds.

Key Takeaways

Fight Fight Fight is in talks to acquire Republic's U.S. operations.
The deal could enable transactions with the Official Trump memecoin on Republic's platform.
The Trump memecoin previously reached a market cap of nearly $9 billion before declining significantly.
Fight Fight Fight aims to raise $200 million for a digital asset treasury.
Republic has facilitated over 3,000 fundraising campaigns and supports both retail and accredited investors.

Trump Memecoin’s Rise and Fall

Since its launch in January, just before Trump’s second inauguration, the TRUMP memecoin saw a meteoric rise, reaching a market capitalization of nearly $9 billion. However, it has since fallen to about $1.64 billion, representing a nearly 90% decrease from its peak, as reported by CoinMarketCap. TRUMP memecoin is up 5.6% over the past 24 hours. Source: CoinMarketCap

In recent news, Fight Fight Fight is reportedly looking to raise $200 million for a digital asset treasury, which aims to accumulate more of the memecoin. Additionally, World Liberty Financial (WLFI), another crypto initiative linked to Trump, has announced plans to distribute 8.4 million WLFI tokens valued at approximately $1.2 million to early participants in its USD1 stablecoin loyalty program.

Cointelegraph has reached out to both Fight Fight Fight and Republic for comments but did not receive a response before publication.

Coinbase Makes Strategic Move with Echo Acquisition

The Trump memecoin issuer’s interest in acquiring Republic coincides with Coinbase's recent announcement of a $375 million acquisition of the on-chain fundraising platform Echo.

Launched in beta by prominent crypto influencer Cobie in April 2024, Echo is designed to help communities invest collaboratively in private funding rounds. In just eight months, Echo has successfully raised over $51 million and closed 131 deals, including funding for Ethena, a protocol associated with one of the fastest-growing yield-bearing stablecoins on the market, known as USDe.

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As the landscape of cryptocurrency continues to evolve, these developments highlight the growing intersection between traditional investment platforms and the burgeoning world of digital assets.