Chainalysis: Trump dinner earned insiders $900,000 in transaction fees in 2 days

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MarsBit
04-26
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Mars Finance News: On April 26, according to a Chainalysis report, President Trump and his allies earned nearly $900,000 in transaction fees from the TRUMP cryptocurrency token over the past two days. Previously, the token announced a dinner with the president on Wednesday to encourage the first 220 holders to participate. Critics believe this dinner competition is an unusually obvious attempt to monetize the opportunity to dine with the president. Notably, since its launch in January, trading activity has generated approximately $324.5 million in transaction fees for insiders. These fees are generated through a built-in mechanism of the token that transfers a certain percentage of each transaction to wallets controlled by the project—which, according to Chainalysis, are associated with the token's creators.

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