Meme Coin TRUMP Reportedly Generates Significant Profits Through Transaction Fees

According to PANews, a report by Fortune magazine reveals that the creators of the meme coin TRUMP have earned over $320 million in transaction fees since its launch earlier this year, as per data from Chainalysis. Following the announcement at a Trump dinner, trading activity for the meme coin surged, leading to a price increase. However, the Trump family has not needed to sell any of the meme coins to profit.The TRUMP white paper indicates that out of a total supply of 1 billion tokens, 20% are currently in circulation, with half of these allocated to decentralized exchange liquidity pools. CIC Digital, a company associated with the Trump Group, profits by charging a 0.3% fee on each transaction. Blockchain analytics firm Nansen highlights that this model generates revenue through trading volume rather than relying on price fluctuations. Currently, 80% of the tokens remain locked and are owned by companies linked to Trump.Critics from the U.S. Democratic Party have expressed concerns that this model could serve as a channel for anonymous individuals to exert undue influence over U.S. President Donald Trump. Despite Trump's denial of interest in price fluctuations during an NBC interview, data shows that transaction fees related to the announcement week of the Trump dinner reached $1.3 million.