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
“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 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.”
