Chainalysis: TRUMP Dinner Allowed Insiders to Earn $900K Transaction Fee in 2 Days

BlockBeats News, April 26th, According to a report by Chainalysis, President Trump and his allies have earned nearly $900,000 in transaction fees from the President's TRUMP cryptocurrency token in the past two days.

Earlier, the token announced on Wednesday that it would have dinner with the President to encourage participation from the top 220 holders. Critics believe that this dinner contest was a particularly blatant attempt to monetize the President's dining opportunity.

It is worth noting that since its launch in January, transaction activity has generated approximately $324.5 million in fees for insiders. These fees are generated through the token's built-in mechanism, which transfers a certain percentage of each transaction to wallets controlled by the project—these wallets, according to Chainalysis, are associated with the token's creators.