The creator of Meme Coin TRUMP has earned over $320 million in handling fees so far

PANews reported on May 6 that according to Fortune Magazine, Chainalysis data shows that since the launch of Meme currency TRUMP earlier this year, its creators have made more than $320 million in profits through handling fees. After the first announcement of the Trump dinner, trading activity on the Meme coin surged and prices rose. But the Trump family can make money without selling any meme coins. According to its white paper, 20% of the total supply of TRUMP is in circulation, half of which are invested in the liquidity pool of decentralized exchanges. Trump Group affiliate CIC Digital makes a profit by charging a 0.3% handling fee per transaction. Blockchain analysis company Nansen pointed out that this model does not rely on currency price fluctuations, but continues to obtain profits through transaction volume. Currently, 80% of the tokens are still locked and belong to Trump's affiliates.

Democrats in the United States criticized the model for possible role in anonymous improperly affecting the president. Although Trump denied paying attention to currency price fluctuations in an NBC interview, data showed that the news of Trump's dinner was announced that the relevant transaction fees reached $1.3 million that week.