Tron founder Justin Sun mentioned he is the tip holder of the TRUMP memecoin, entitling him to relieve a interior most dinner and a VIP reception with U.S. President Donald Trump this week.
A Solana address it looks that associated with Sun holds roughly $21.9 million worth of the TRUMP coin, inserting him at the tip of the leaderboard in a sweepstakes that rewards the biggest token holders with entry to Trump at a golf membership shut to Washington, D.C. The leaderboard looks on a web location publicized by Trump on his X legend.
Sun is furthermore a backer of World Liberty Monetary, the decentralized finance mission backed by the Trump family, having invested invested $75 million. The mission’s co-founder, Zak Folkman, has credited the Chinese-born crypto billionaire for its success.
Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to relieve President Trump’s Gala Dinner as his TOP fan!
As the tip holder of $TRUMP, I’m excited to join with all americans, discuss crypto, and discuss the long coast of our industry. 🇺🇸 https://t.co/FYb39LTwDz
— H.E. Justin Sun 🍌 (@justinsuntron) May perhaps maybe 20, 2025
The TRUMP token debuted staunch days forward of the president’s inauguration in January and used to be met with criticism from across the crypto industry and in completely different locations. Critics pointed to its timing of the open and its construction, which allocates a expansive allotment of the provision to Trump-affiliated insiders.
Democratic lawmakers, including Sen. Elizabeth Warren and Sen. Richard Blumenthal, non-public argued that Trump’s crypto effort is eroding moral norms. They’ve supplied bills to dam public officials from launching or endorsing digital resources.
The White Dwelling answered to the scrutiny by downplaying it, rejecting allegations of conflicts of hobby and framing the criticism as partisan disruption.
Trump’s memecoin, it’s worth noting, saw a principal mark upward thrust over the tournament’s announcement. The dinner falls on Bitcoin Pizza Day, which commemorates one in every of the earliest bitcoin
transactions.
TRUMP is procuring and selling at $14.40, up 8.3% in the final 24 hours.
