According to BlockBeats news on April 26, a report by Chainalysis shows that President Trump and his allies have earned nearly $900,000 in transaction fees from the President’s TRUMP encryption Token over the past two days. Previously, the Token announced on Wednesday that it would have dinner with the President to encourage participation from the first 220 holders. Critics argue that this dinner competition is an unusually blatant attempt to monetize the opportunity for the President’s dinner. Notably, since its launch in January, trading activity has generated approximately $324.5 million in transaction fees for insiders. These fees are generated through the Token’s built-in mechanism, which transfers a certain percentage of each transaction to a Wallet controlled by the project—according to Chainalysis, these Wallets are associated with the Token’s creators.
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