$18 million in Trump meme coins sits in the wallet of Tron founder, Justin Sun, as the Chinese-born crypto mogul prepares to dine with President Trump at a gala reserved for holders of the cryptocurrency just outside of Washington D.C. this week.
Justin Sun Confirms Wallet Speculation
“Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan,” Sun wrote in an early morning May 20 X post.
“As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry,” he added.
The biggest 220 investors of $TRUMP are slated to attend a gala dinner hosted at Trump National Golf Club on May 22, where they will dine alongside the sitting U.S. president.
The top 25 investors will also be eligible to attend an “exclusive reception” alongside Trump ahead of the dinner, which includes a “special VIP tour” for attendees.
According to CNBC, a wallet listed as “Sun” currently holds around $18 million worth of $TRUMP coins.
Sun, who previously invested $75 million in the Trump-affiliated crypto platform World Liberty Financial, has now given $93 million to Trump-oriented crypto ventures.
Critics Question $TRUMP Foreign Influence
Critics of the gala dinner argue that the event is unethical, as foreign investors may be able to buy favor with Trump via his namesake meme coin. Just this week, a Bloomberg report uncovered that 19 out of the top 25 wallets are based outside of the U.S.
Sun, a Chinese-born crypto executive, was previously at the center of litigation from the United States Securities and Exchange Commission (SEC) for allegedly violating U.S. securities laws, though the Tron founder and the regulating agency are now in resolution talks.
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