PANews reported on May 6 that according to Fortune magazine, Chainalysis data showed that since the launch of the Meme coin TRUMP earlier this year, its creator has earned more than $320 million in fees. After the Trump dinner was first announced, the trading activity of the Meme coin surged and the price rose accordingly. But the Trump family can make money without selling any meme coins. According to its white paper, 20% of the total supply of TRUMP of 1 billion has been circulated, half of which are invested in the liquidity pool of decentralized exchanges. CIC Digital, an affiliate of the Trump Group, makes a profit by charging a 0.3% fee on each transaction. Blockchain analysis company Nansen pointed out that this model does not rely on currency price fluctuations, but continues to gain income through trading volume. At present, 80% of the tokens are still in a locked position and belong to Trump-related companies.
US Democrats have criticized the model for potentially becoming a channel for anonymous people to improperly influence the president. Although Trump denied paying attention to price fluctuations in the NBC interview, data showed that the transaction fees for the Trump dinner reached $1.3 million in the week the news was announced.
