TRUMP memecoin issuer in talks to acquire investment platform Republic’s US operations
Analysis
Price Impact
HighThe potential acquisition of republic.com's us operations could significantly expand trump memecoin's utility and user base, opening new avenues for transactions and capital raising. the proposed $200 million fund to buy back tokens creates substantial demand.
Trustworthiness
HighThe news is reported by bloomberg, a highly reputable financial news outlet, citing sources familiar with the matter. while discussions are private, the source is credible.
Price Direction
BullishThe acquisition would integrate trump into a broader investment platform, increasing its legitimacy and potential for adoption. the $200 million buyback fund indicates strong efforts to stabilize and boost the token's value after a significant decline, creating significant buying pressure.
Time Effect
ShortInitial market reaction is likely to be a speculative pump due to the positive news. however, the long-term sustainability will depend on the successful finalization of the deal, effective integration, and deployment of the buyback fund.
Original Article:
Article Content:
Amin Haqshanas 4 minutes ago TRUMP memecoin issuer in talks to acquire investment platform Republic’s US operations After a steep 90% plunge from its peak, the Trump memecoin issuer is seeking a revival with the Republic.com acquisition and a $200 million fund to buy back the token. Listen 0:00 43 News COINTELEGRAPH IN YOUR SOCIAL FEED Fight Fight Fight, the company behind the President Donald Trump-linked memecoin, is reportedly in discussions to acquire the US operations of investment platform Republic.com. If finalized, the deal could open the door for Republic users to transact using the Official Trump ( TRUMP ) memecoin, while giving crypto startups a new avenue to raise capital, Bloomberg reported on Wednesday, citing people familiar with the matter. One source told the outlet that the discussions remain private but involve multiple potential partners. Fight Fight Fight and CIC Digital, an affiliate of The Trump Organization, collectively own 80% of the Trump memecoin. Republic, which has facilitated more than 3,000 fundraising campaigns, serves both retail and accredited investors. Its backers include Galaxy Digital and the venture arm of Binance, per Bloomberg. The company has also embraced blockchain-based tokenization of real-world assets. Related: CZ weighing lawsuit against US senator over money laundering claim: Report Trump memecoin’s $9 billion rise and fall Launched in January ahead of Trump’s second inauguration, the TRUMP memecoin surged to a market capitalization of nearly $9 billion before plunging to around $1.64 billion, according to CoinMarketCap. The token is down nearly 90% from its all-time high. TRUMP memecoin is up 5.6% over the past 24 hours. Source: CoinMarketCap Last week, it was reported that Fight Fight Fight is also seeking to raise $200 million for a digital asset treasury to accumulate the memecoin. Yesterday, World Liberty Financial (WLFI), another crypto venture affiliated with Trump, announced plans to distribute 8.4 million WLFI tokens worth about $1.2 million to early participants in its USD1 stablecoin loyalty program. Cointelegraph reached out to Fight Fight Fight and Republic for comment, but had not received a response by publication. Related: Trump’s crypto pardons raise ethics and corruption concerns Coinbase acquires Echo The Trump memecoin issuer’s plan to acquire Republic comes shortly after Coinbase announced a $375 million deal to acquire onchain fundraising platform Echo. Prominent crypto influencer Cobie launched Echo in beta in April 2024 with a mission to enable communities to invest together in private funding rounds. In the eight months since launching, the platform has raised at least $51 million in funding, with 131 deals closed, including Ethena, a synthetic dollar protocol behind one of the fastest-growing yield-bearing stablecoins on the market, USDe ( USDE ). Magazine: Bitcoin OG Kyle Chassé is one strike away from a YouTube permaban # Cryptocurrencies # Altcoin # Payments # Adoption # United States # Donald Trump # Trumpcoin # Memecoin Add reaction