Tron founder Justin Sun said he was the top holder of Trump Memecoin and gave him the right to attend a private dinner and VIP reception with US President Donald Trump this week.
Solana’s address associated with Sun holds around $21.9 million worth of Trump coins, and puts him at the top of the leaderboard with a sweepstakes that reward the largest token holders who can access Trump on golf clubs that appear on websites published by Trump on his X account.
Sun is also a backer of World Liberty Financial, a decentralized financial project backed by the Trump family, and has invested $75 million. Zak Folkman, co-founder of the project, recognizes the success of the Chinese-born Crypto billionaire.
Thank you for supporting @potus and for inviting me to join President Trump’s gala dinner from @gettrumpmemes as his top fan!
As a top holder for $Trump, I am excited to connect with everyone, speak codes and discuss the future of our industry. https://t.co/fyb39ltwdz
– He is Justin Sun (@justinsuntron) May 20, 2025
Trump Token debuted just days before the president’s inauguration in January and encountered criticism from the crypto industry and elsewhere. Critics pointed to the timing of the launch and its structure, noting that it allocates a large portion of the supply to insiders associated with Trump.
Democrats, including Sens. Elizabeth Warren and Richard Blumenthal, argued that Trump’s crypto efforts were eroding ethical norms. They introduced bills to prevent civil servants from launching or approving digital assets.
The White House responded to scrutiny by disregarding it, rejecting allegations of conflict of interest, and framing criticism as partisan confusion.
Trump’s Memecoin has risen significantly more than the event’s announcement, worth noting. Dinner is on Bitcoin Pizza Day, which commemorates one of the earliest bitcoins
BTC$106,546.31
transaction.
Trump has traded at $14.40, up 8.3% over the past 24 hours.
