Justin Sun becomes top holder of $TRUMP token, claims spot at Trump Gala Dinner

• Crypto
  founder’s
  stake
  in
  Trump-linked
  ventures
  now
  exceeds
  $93
  million.
• He
  is
  currently
  in
  discussions
  with
  the
  US
  Securities
  and
  Exchange
  Commission
  to
  settle
  civil
  fraud
  allegations.
• The
  dinner
  is
  part
  of
  a
  sweepstakes-style
  campaign
  linked
  to
  the
  $TRUMP
  token,
  which
  grants
  exclusive
  access
  to
  the
  top
  25
  holders.

Crypto
entrepreneur
Justin
Sun
has
emerged
as
the
leading
holder
of
the
Trump-themed
meme
token
$TRUMP,
securing
an
invitation
to
a
private
dinner
with
President
Donald
Trump,
along
with
access
to
a
VIP
gala
reception.

The
dinner
is
part
of
a
sweepstakes-style
campaign
linked
to
the
$TRUMP
token,
which
granted
exclusive
access
to
the
top
25
holders.

Sun
announced
late
Monday
on
X
that
he
topped
the
leaderboard,
holding
approximately
$18.6
million
worth
of
the
token.

Honored
to
support

@POTUS
and
grateful
for
the
invitation
from

@GetTrumpMemes
to
attend
President
Trump’s
Gala
Dinner
as
his
TOP
fan!

As
the
top
holder
of

$TRUMP,
I’m
excited
to
connect
with
everyone,
talk
crypto,
and
discuss
the
future
of
our
industry.
????????

https://t.co/FYb39LTwDz

—
H.E.
Justin
Sun
????
(@justinsuntron)

May
20,
2025

“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
projects

In
addition
to
his
$TRUMP
holdings,
Sun
has
invested
$75
million
into
World
Liberty
Financial
—
a
separate
Trump-linked
crypto
initiative
described
by
Trump’s
sons
as
a
decentralized
bank.

According
to
its
structure,
75%
of
the
platform’s
revenue
flows
to
entities
owned
by
Trump.

Combined,
Sun’s
investments
across
the
Trump
crypto
ecosystem
now
total
more
than
$93
million.

Sun,
who
was
born
in
China,
is
the
founder
of
the
Tron
blockchain.

He
is
currently
in
discussions
with
the
US
Securities
and
Exchange
Commission
to
settle
civil
fraud
allegations.

The
crypto
founder
was
sued
by
the
US
Securities
and
Exchange
Commission
in
2023,
which
alleged
that
he
orchestrated
the
unregistered
offer
and
sale
of
securities
through
entities
he
owns
and
controls
—
the
Tron
Foundation,
BitTorrent
Foundation
Ltd.,
and
Rainberry
Inc.

With
former
SEC
Chair
Gary
Gensler
no
longer
at
the
agency,
both
the
SEC
and
Sun’s
legal
team
are
now
reportedly
seeking
to
pause
the
case.

The
controversy
around
Trump’s
meme
coin
dinner

Trump’s
plan
to
host
the
event
has
sparked
controversy,
with
Democratic
Senators
Elizabeth
Warren
and
Adam
Schiff
calling
for
a
federal
ethics
investigation.

They
allege
the
initiative
amounts
to
a
“pay-to-play”
scheme
rife
with
“corruption
and
foreign
influence,”
citing
that
a
significant
number
of
traders
involved
in
the
coin
appear
to
be
based
outside
the
United
States.

The
$TRUMP
token
rose
about
4%
on
Tuesday,
trading
at
$13.23,
according
to
CoinMarketCap.

That
price
values
its
circulating
supply
at
$2.65
billion,
placing
it
among
the
top
40
cryptocurrencies
by
market
capitalization.

Despite
its
valuation,
the
$TRUMP
token,
like
many
meme
coins,
lacks
an
underlying
product
or
utility.

Its
website
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.”