Justin Sun Owns Most TRUMP Memecoins and Got Dinner Invite from Donald Trump
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Highlights:
- Justin Sun revealed that he holds the biggest $TRUMP wallet, valued close to $19 million.
- His large investment secured him an invitation to a dinner and an exclusive VIP event with Trump.
- Critics say the gala allows foreign investors to gain political favor through memecoins.
Tron founder Justin Sun has confirmed that he owns the largest wallet holding Donald Trump’s memecoin. This ownership qualifies him for a dinner and reception with the US president. On May 19, Justin Sun announced on X that he had received an invitation to attend an event scheduled for May 22. The dinner will take place at former President Trump’s golf club near Washington, DC. This event is reserved for the top 220 holders of the TRUMP token. Sun’s wallet, labeled “Sun,” holds roughly $19 million worth of the memecoin. Each token is priced at $13.20.
Sun Calls Himself Top Trump Fan
Justin Sun expressed his gratitude for the invitation to President Trump’s Gala Dinner. In a May 20 post on X, he showed support for Trump and called himself a top fan. “As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry,” he added. In addition to the dinner for the top 220 token holders, Trump will also hold a special VIP reception and offer a private tour of the White House for the top 25 wallet owners.
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
Sun said he intends to use the May 22 memecoin dinner to connect with others, discuss cryptocurrency, and explore the industry’s future. It remains unclear why he announced his attendance only now, despite the leaderboard being set on May 12. Many guessed Sun was behind the memecoin buys, so his dinner attendance is not a surprise. His presence strengthens his connection to Trump and his family.
Some critics say the gala dinner is unethical because it lets foreign investors gain influence with Trump by buying his memecoin. A recent Bloomberg report found that 19 of the top 25 wallets belong to people outside the U.S.
SEC Faces Heat Over Sun’s Links to Trump Memecoin and Paused Case
Before Trump’s election victory, Justin Sun was facing a 2023 lawsuit from the U.S. Securities and Exchange Commission. The SEC accused him of unregistered sales and illegal trading of crypto assets. Sun previously invested $75 million in tokens via World Liberty Financial (WLF), a DeFi platform supported by Trump’s three sons. He put in $30 million just weeks after the election last year. After Trump took office, Sun and the SEC asked a judge to pause the case, and the judge agreed.
On May 20, U.S. SEC Chair Paul Atkins faced scrutiny from lawmakers regarding the agency’s position on a Trump-linked memecoin and its handling of the fraud case involving Justin Sun. The questions arose during a House Appropriations Committee hearing focused on funding and oversight of federal agencies, including the SEC.
Representative Glenn Ivey, a Democrat from Maryland, questioned the SEC’s decision to pause its case against Sun. He also expressed concerns about possible conflicts because of Sun’s recent ties to the TRUMP token and World Liberty Financial.
Atkins, who has held the position for less than a month, said the case against Sun is still “active.” He confirmed it had not been dropped but did not provide more information. He also repeated that, based on current SEC policy, memecoins are not classified as securities.
🚨NEW: The @SECGov Division of Corporation Finance has just put out guidance on memecoins saying they are NOT securities and are akin to collectibles.
“It is the Division’s view that transactions in the types of meme coins described in this statement, do not involve the offer…
— Eleanor Terrett (@EleanorTerrett) February 27, 2025
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