Letter to Bill Zanker, Fight Fight Fight LLC
This primary source from U.S. Senate Permanent Subcommittee on Investigations supports 3 claims across 3 ledger entries.
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Claims supported by this source
- factreported
A Senate Permanent Subcommittee on Investigations letter addressed Bill Zanker at Fight Fight Fight LLC and stated that the company launched $TRUMP on January 17, 2025, that Trump promoted it, and that Fight Fight Fight and Trump Organization affiliate CIC Digital collectively owned 80% of one billion issued coins. The letter opened a preliminary inquiry and requested records; it was not an adjudication of its conflict-of-interest or legal concerns.
Pages 1–4: addressee, launch, promotion, ownership, fee structure, and inquiry scopeSenate inquiry maps Zanker, Fight Fight Fight, and Trump's token promotion · Senate subcommittee opened a preliminary inquiry on May 6, 2025; no adjudication · reviewed 2026-09-03
- factreported
Reuters reported that $TRUMP rose to about $75 and later reached $7.50, that Inca Digital estimated 592,962 wallets had lost a combined $3.9 billion since launch, and that Chainalysis estimated entities behind the token had earned $320.19 million in fees. The Zanker-addressed Senate letter identifies Fight Fight Fight as the launcher and Trump as promoter; neither source allocates the full fee estimate to Zanker or Trump personally.
Pages 1–3: Fight Fight Fight launch and Trump promotion$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 · reviewed 2026-09-03
- estimateestimate
Public Citizen reported that Nansen filtered for likely retail wallets and found roughly 1 million of about 1.6 million wallets that bought $TRUMP on Solana decentralized exchanges were underwater by August 27, 2026, down a combined $3.2 billion; about $400 million of that loss had been realized. It also recorded a $73.43 January 19, 2025 peak and $1.37 August 13, 2026 low, a calculated 98.1% drawdown.
Pages 1–3: Fight Fight Fight launch, ownership statement, and Trump promotionLater Nansen study estimates $TRUMP losses across likely retail wallets · About 1 million likely retail wallets estimated underwater by August 27, 2026 · reviewed 2026-09-03