Tron founder Justin Sun was recently confirmed as the largest holder of the official TRUMP meme coin, a Solana based project. He made this revelation via social media, and that's not all: as a top holder, Sun will have the chance to attend an exclusive gala dinner with the president, which will take place on May 22 at the Trump National Golf Course in Washington DC.
The list of the top 220 holders of the TRUMP coin included some notable names, but Justin Sun takes the number one spot. In addition to an invitation to the dinner, the top 25 VIP holders will receive access to a special reception and tour following the event. Sun shared his excitement on social media: “Very honored to support POTUS and grateful for the invitation from Get Trump Memes to attend the gala dinner as his biggest fan!”
Sun, who holds over 1,5 million TRUMP tokens worth nearly $20 million in his wallet, significantly increased his holdings during the period between April 23 and May 12. He acquired over 359.000 additional TRUMP tokens during this time, worth about $4,72 million in value. This happened after the announcement of the gala dinner caused the price of the coin to surge.
Sun’s involvement with TRUMP extends beyond the meme coin. Before the TRUMP token launch, he invested $30 million in governance tokens of WLFI, a DeFi protocol tied to the Trump family. Such financial commitment has led to increased scrutiny around both Trump and Sun, especially as Sun faces secret lawsuits with the SEC handles.
The political world is not blind to the situation. In April, Democratic senators raised questions about the ethics of the gala dinner, raising concerns that there could be so-called “pay-to-play” corruption. These concerns about financial integrity have also included questions about Justin Sun’s role in Trump’s crypto efforts, which recently led to calls for access to suspicious activity reports from the U.S. Treasury.
Yet Justin Sun doesn’t seem to care much about the criticism. He recently posted a photo with Eric Trump at an event in Dubai and captioned it: “All in USA”. “The sky is still blue”, one might say!
Who is Justin Sun?
Justin Sun is the founder of the Tron network and a prominent figure in the cryptocurrency space. He is known for his investments and involvement in various crypto projects.
What is the TRUMP meme coin?
The TRUMP meme coin is a Solana-based cryptocurrency project and has recently gained a lot of attention due to the involvement of Justin Sun and his status as the largest holder of this coin.
What are the concerns surrounding Trump's gala dinner?
Questions have been raised about the ethics of the gala dinner, with concerns about potential “pay-to-play” corruption. Politicians are investigating the financing and involvement of people like Justin Sun in Trump’s planned crypto moves.
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