- Crypto founder’s stake in Trump-linked ventures now exceeds $93 million.
- He’s at present in discussions with the US Securities and Alternate Fee to settle civil fraud allegations.
- The dinner is a part of a sweepstakes-style marketing campaign linked to the $TRUMP token, which grants unique entry to the highest 25 holders.
Crypto entrepreneur Justin Sun has emerged because the main holder of the Trump-themed meme token $TRUMP, securing an invite to a personal dinner with President Donald Trump, together with entry to a VIP gala reception.
The dinner is a part of a sweepstakes-style marketing campaign linked to the $TRUMP token, which granted unique entry to the highest 25 holders.
Sun introduced late Monday on X that he topped the leaderboard, holding roughly $18.6 million value of the token.
Honored to help @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!
As the highest holder of $TRUMP, I’m excited to attach with everybody, discuss crypto, and talk about the way forward for our business. 🇺🇸 https://t.co/FYb39LTwDz
— H.E. Justin Sun 🍌 (@justinsuntron) Could 20, 2025
“Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!” Sun wrote.
“As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry.”
Justin Sun and Trump’s crypto initiatives
Along with his $TRUMP holdings, Sun has invested $75 million into World Liberty Monetary — a separate Trump-linked crypto initiative described by Trump’s sons as a decentralized financial institution.
In keeping with its construction, 75% of the platform’s income flows to entities owned by Trump.
Mixed, Sun’s investments throughout the Trump crypto ecosystem now complete greater than $93 million.
Sun, who was born in China, is the founding father of the Tron blockchain.
He’s at present in discussions with the US Securities and Alternate Fee to settle civil fraud allegations.
The crypto founder was sued by the US Securities and Alternate Fee in 2023, which alleged that he orchestrated the unregistered supply and sale of securities by means of entities he owns and controls — the Tron Basis, BitTorrent Basis Ltd., and Rainberry Inc.
With former SEC Chair Gary Gensler not on the company, each the SEC and Sun’s authorized workforce at the moment are reportedly in search of to pause the case.
The controversy round Trump’s meme coin dinner
Trump’s plan to host the occasion has sparked controversy, with Democratic Senators Elizabeth Warren and Adam Schiff calling for a federal ethics investigation.
They allege the initiative quantities to a “pay-to-play” scheme rife with “corruption and foreign influence,” citing {that a} vital variety of merchants concerned within the coin look like based mostly outdoors the USA.
The $TRUMP token rose about 4% on Tuesday, buying and selling at $13.23, based on CoinMarketCap.
That worth values its circulating provide at $2.65 billion, putting it among the many prime 40 cryptocurrencies by market capitalization.
Regardless of its valuation, the $TRUMP token, like many meme cash, lacks an underlying product or utility.
Its web site makes clear that the token is “not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.”
