Justin Sun Becomes Leading Holder of Donald Trump’s Memecoin with $21.9M Investment
Justin Sun has attracted attention by declaring himself the largest holder of the TRUMP memecoin, with holdings valued at around $21.9 million. This status grants him the opportunity to participate in an exclusive dinner and VIP event with former U.S. President Donald Trump.
A Solana wallet linked to Sun reportedly contains approximately $21.9 million in TRUMP tokens, putting him at the top of a leaderboard tracking the biggest holders, which was shared by Trump via his social media account.
Key Points:
- Investment in Trump-Backed Project: Sun’s recent investments include $75 million in World Liberty Financial, a decentralized finance initiative supported by the Trump family. The co-founder of this project has acknowledged Sun’s influence on its success.
- Exclusive Access: As the primary holder of the TRUMP coin, Sun will gain access to a private dinner with Trump, happening at a golf club in the vicinity of Washington, D.C.
“Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan! I’m excited to connect with everyone, talk crypto, and discuss the future of our industry.”
— H.E. Justin Sun
Translation: Honored to support President Trump and thankful for the invitation to the Gala Dinner as his top fan! I’m eager to connect and discuss the future of our industry.
The TRUMP token was launched just prior to Trump’s inauguration and faced critique from various segments of the crypto community. Critics often cite the timing of its release and the distribution metrics, which favor Trump-aligned individuals.
Democratic politicians, such as Senators Elizabeth Warren and Richard Blumenthal, have expressed concerns over the ethical implications of Trump’s involvement with cryptocurrencies, proposing legislation to prevent public officials from endorsing digital assets.
The former president’s memecoin has shown significant price movements, with the current trading value around $14.40, reflecting an 8.3% increase in the last 24 hours.
