Overview

• Justin Sun, founder of the Tron blockchain, has been confirmed as the top eligible holder of the $TRUMP memecoin, securing his place at President Trump's May 22 gala dinner and VIP reception.
• Sun's holdings include $21.9 million worth of $TRUMP tokens and a $75 million investment in Trump-backed World Liberty Financial, totaling $93 million in Trump-linked crypto ventures.
• The $TRUMP memecoin, launched in January 2025, allocates 80% of its supply to Trump-affiliated entities, raising ethical and legal concerns over potential conflicts of interest and pay-to-play allegations.
• Sun, who is currently negotiating with the SEC to resolve fraud charges, has faced scrutiny for his ties to Trump's crypto initiatives, which have drawn criticism from lawmakers and ethics watchdogs.
• The gala dinner, set to take place at Trump National Golf Club in Virginia, has sparked protests over its controversial fundraising model, which ties presidential access to cryptocurrency investments.