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.
One source familiar with the matter indicated 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. The company has also embraced blockchain-based tokenization of real-world assets.
Trump Memecoin's Significant Market Fluctuations
Launched in January ahead of Trump’s second inauguration, the TRUMP memecoin surged to a market capitalization of nearly $9 billion. Subsequently, it experienced a significant decline, plunging to around $1.64 billion, according to CoinMarketCap. The token is currently down nearly 90% from its all-time high.
In recent developments, Fight Fight Fight is reportedly seeking to raise $200 million for a digital asset treasury to accumulate the memecoin.
Separately, World Liberty Financial (WLFI), another crypto venture affiliated with Trump, 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 reached out to Fight Fight Fight and Republic for comment but had not received a response by publication.
Coinbase's Acquisition of Echo
The Trump memecoin issuer’s potential acquisition of Republic comes shortly after Coinbase announced a $375 million deal to acquire the onchain fundraising platform Echo.
Prominent crypto influencer Cobie launched Echo in beta in April 2024 with the objective of enabling communities to invest collectively in private funding rounds. In the eight months since its launch, the platform has successfully raised at least $51 million in funding, closing 131 deals. This includes Ethena, the synthetic dollar protocol behind one of the fastest-growing yield-bearing stablecoins on the market, USDe.