Cryptocurrency platform MoonPay secured financial support in response to the increased demand following Donald Trump’s meme coin launch. The company, which obtained a total loan of $160 million from Galaxy and Ripple 
$2, reported a short-term liquidity need due to unexpectedly high transaction volumes. MoonPay successfully met its financial obligations by repaying all loans by the anticipated deadlines.
**First Loan Agreement and Additional Financing Search**
The surge in transaction volume following the Trump token launch made MoonPay require immediate liquidity. Initially, the company secured a $100 million USDC loan from Galaxy and Ripple. However, the greater-than-expected user demand prompted the need for additional financing. During this period, MoonPay management swiftly filed for an additional $60 million loan, organizing necessary documents and proving its repayment capability. Access issues over the weekend complicated MoonPay’s reach to reserve funds. Consequently, the company contacted Ripple CEO Brad Garlinghouse to obtain additional financing. The loans were approved following detailed reviews conducted by representatives from BlackRock. This process enabled the company to quickly meet demand and ensure smooth transactions on the platform.
**Loans Successfully Repaid, User Base Grows**
As of January 21, MoonPay completed all loan repayments, fulfilling its financial commitments. These financial interventions within a short time frame helped the company resolve its liquidity issues. In the same week, 750,000 new users registered on the platform, contributing to an increase in MoonPay’s revenue and transaction volume. Meanwhile, the market value of the Trump token increased after launch, but this growth soon gave way to volatile price movements. Market fluctuations attracted investor interest, although short-term price drops caught attention. Effective management of the loans provided by MoonPay allowed the company to maintain its reputation during this period and continue operations without disruption.
