Tiny Red HandsBack

Bill Zanker

Bill Zanker speaking at a Learning Annex promotion for Think Big and Kick Ass.
Source: Jim Spellman / WireImage / Getty Images, via CoinDesk · Rights/use: Copyright retained by Jim Spellman, WireImage, and Getty Images; unlicensed low-resolution editorial use · Modified: cropped and resized
PersonInner circle3 relationships

Fight Fight Fight LLC contact and longtime Trump associate tied to the operator of $TRUMP and its token-holder dinner promotion.

Relationship to Trump$TRUMP operator contact and Trump associatebusiness · political / 1 source

Status

  1. Fight Fight Fight LLC contactrelationship / 2025-05-061 source · Lead source

Exact relationships

  1. Donald J. Trump

    Relationship to Trump$TRUMP operator contact and Trump associate

    businesspoliticalOpen evidence · 1 sourcereported
  2. Donald J. Trump

    $TRUMP operator contact in Trump-promoted venture

    businesspoliticalOpen evidence · 2 sourcesreported
  3. Donald J. Trump

    $TRUMP operator contact linked to later holder outcomes

    businesspoliticalOpen evidence · 2 sourcesestimate

Record timeline

  1. Senate inquiry maps Zanker, Fight Fight Fight, and Trump's token promotionSenate subcommittee opened a preliminary inquiry on May 6, 2025; no adjudication$TRUMP operator contact and Trump associate · reported · 1 source
  2. $TRUMP's reported fees and holder losses diverge before the Trump dinner$3.9 billion in holder losses and $320.19 million in entity fees estimated at the May 12, 2025 snapshot$TRUMP operator contact in Trump-promoted venture · reported · 2 sources
    1. other$TRUMP drawdown from reported peak90%
      Measured subject
      $TRUMP token market price
      observed · 2025-05-12 · observedPopulation $TRUMP token market price from the Reuters-reported post-launch peak of about $75 to the reported low of $7.50Period 2025-01-17 to 2025-05-12Basis Calculate (75.00 − 7.50) ÷ 75.00 × 100 = 90% from the peak and May 12 price reported by Reuters; the separate contest-cutoff price is outside this interval.Limits Reuters reported rounded prices and did not supply intraday timestamps in the cited article; the 90% result is therefore a rounded drawdown, not a tick-level all-time-low calculation.Open cited evidence
    2. feeEstimated fees to entities behind $TRUMP$320.19 million
      Estimated fee payer / source
      $TRUMP traders
      Estimated fee recipient
      Entities behind $TRUMP
      estimated · 2025-05-12 · observedPopulation Cumulative trading fees Chainalysis attributed to the entities behind $TRUMP from launch through the May 12 Reuters reportPeriod 2025-01-17 to 2025-05-12Basis Use Reuters' report of Chainalysis's on-chain fee estimate for issuer- and operator-linked entities collectively, excluding the market value of locked token holdings.Limits Reuters did not publish the complete address set or allocation among CIC Digital, Fight Fight Fight, Celebration Cards, liquidity providers, or individuals; do not treat the aggregate as Trump or Zanker personal income.Open cited evidence
    3. lossEstimated $TRUMP wallet losses$3.9 billion
      Loss or cost borne by
      592,962 losing $TRUMP wallets
      estimated · 2025-05-12 · observedPopulation The same 592,962 $TRUMP wallets Inca Digital classified as losing money from launch through May 12, 2025Period 2025-01-17 to 2025-05-12Basis Use Reuters' $3.9 billion Inca Digital loss estimate paired with 592,962 wallets; later rounded figures cover a differently stated population and total.Limits Rounded third-party estimate; Reuters did not publish the underlying cost-basis model, address clustering, or split between realized and mark-to-market losses.Open cited evidence
    4. loss$TRUMP wallets with losses592,962 wallets
      Loss or cost borne by
      592,962 $TRUMP wallets classified as losing
      estimated · 2025-05-12 · observedPopulation $TRUMP blockchain wallets that Inca Digital classified as having lost money from launch through the May 12 Reuters snapshotPeriod 2025-01-17 to 2025-05-12Basis Use Reuters' report of Inca Digital's on-chain loss count for 592,962 wallets. Wallets are not people or unique beneficial owners.Limits Reuters did not publish Inca's full address-clustering, exchange-omnibus, transfer, cost-basis, or realized-versus-unrealized methodology; treat the count as a third-party point estimate.Open cited evidence
  3. Later Nansen study estimates $TRUMP losses across likely retail walletsAbout 1 million likely retail wallets estimated underwater by August 27, 2026$TRUMP operator contact linked to later holder outcomes · estimate · 2 sources
    1. other$TRUMP drawdown from reported peak to all-time lowapproximately 98.1%
      Measured subject
      $TRUMP token market price
      observed · 2026-08-13 · observedPopulation $TRUMP market price from the Public Citizen-reported $73.43 January 19, 2025 peak to the $1.37 August 13, 2026 lowPeriod 2025-01-19 to 2026-08-13Basis Calculated ($73.43 − $1.37) ÷ $73.43 × 100 = 98.1343%, rounded to 98.1%, from the exact peak and low price observations and dates reported by Public Citizen.Limits A peak-to-low market-price change is not realized investor loss, market-cap decline, or a measure of every holder's cost basis; the published price inputs may aggregate exchange markets.Open cited evidence
    2. lossEstimated losses among underwater likely retail $TRUMP wallets$3.2 billion
      Loss or cost borne by
      Roughly 1 million losing likely retail Solana DEX wallets
      estimated · 2026-08-27 · observedPopulation Roughly 1 million likely retail Solana DEX wallets Nansen classified as underwater on $TRUMP by August 27, 2026Period 2025-01-17 to 2026-08-27Basis Use Nansen's $3.2 billion combined loss estimate for its likely-retail losing-wallet population; approximately $400 million realized through sales is a nested subset.Limits Most of the estimate was unrealized and prices can change; scope excludes other venues and is methodologically incompatible with Inca Digital's May 2025 population, so the values are not added.Open cited evidence
    3. lossEstimated realized subset of likely retail $TRUMP lossesabout $400 million
      Loss or cost borne by
      Likely retail Solana DEX realized-loss wallets
      realized · 2026-08-27 · observedPopulation Realized-loss subset within Nansen's roughly 1 million underwater likely retail Solana DEX walletsPeriod 2025-01-17 to 2026-08-27Basis Use Public Citizen's report that about $400 million of Nansen's $3.2 billion combined likely-retail loss estimate had been realized through sales as the nested realized subset.Limits Rounded subset estimate; it must not be added to the $3.2 billion total, and the source did not publish complete trade matching, wallet clustering, or recipient allocation.Open cited evidence
    4. lossLikely retail $TRUMP wallets underwaterroughly 1 million of about 1.6 million wallets
      Loss or cost borne by
      Roughly 1 million likely retail Solana DEX wallets
      estimated · 2026-08-27 · observedPopulation Likely retail wallets that bought $TRUMP on Solana decentralized exchanges in Nansen's Public Citizen analysisPeriod 2025-01-17 to 2026-08-27Basis Use Nansen's rounded estimate of roughly 1 million underwater wallets among about 1.6 million likely retail Solana DEX buyer wallets. Wallets are not people or unique beneficial owners.Limits Rounded third-party estimate limited to Solana decentralized exchanges; Public Citizen did not publish the complete clustering or cost-basis code, and one owner may control multiple wallets.Open cited evidence