The creator of Meme Coin TRUMP has earned over $320 million in transaction fees to date

According to Fortune magazine, Chainalysis data shows that since the launch of Meme coin TRUMP earlier this year, its creators have earned over $320 million through transaction fees. After the first announcement at the Trump dinner, the trading activity of the Meme coin surged, and the price also rose accordingly. But the Trump family can make money without selling any memes. According to its white paper, 20% of the total supply of 1 billion TRUMP tokens is already in circulation, with half of them being invested in decentralized exchange liquidity pools. CIC Digital, a subsidiary of the Trump Organization, earns profits by charging a 0.3% commission on each transaction. Blockchain analysis company Nansen pointed out that this model does not rely on coin price fluctuations, but continuously generates profits through trading volume. Currently, 80% of the tokens are still in a locked state and belong to Trump affiliated companies. Democrats in the United States have criticized this model as a potential channel for anonymous individuals to improperly influence the president. Although Trump denied paying attention to cryptocurrency price fluctuations in an NBC interview, data shows that the transaction fees related to the Trump dinner were $1.3 million in the week when the news was announced.