{"id":52777,"date":"2025-05-20T17:36:56","date_gmt":"2025-05-20T17:36:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/justin-sun-becomes-top-holder-of-trump-token-claims-spot-at-trump-gala-dinner\/"},"modified":"2025-05-20T17:36:56","modified_gmt":"2025-05-20T17:36:56","slug":"justin-sun-becomes-top-holder-of-trump-token-claims-spot-at-trump-gala-dinner","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/justin-sun-becomes-top-holder-of-trump-token-claims-spot-at-trump-gala-dinner\/","title":{"rendered":"Justin Sun becomes top holder of $TRUMP token, claims spot at Trump Gala Dinner"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-27-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-27-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-27-1-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-27-1-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>&#13;<\/p>\n<li>Crypto founder\u2019s stake in Trump-linked ventures now exceeds $93 million.<\/li>\n<p>&#13;<\/p>\n<li>He is currently in discussions with the US Securities and Exchange Commission to settle civil fraud allegations.<\/li>\n<p>&#13;<\/p>\n<li>The dinner is part of a sweepstakes-style campaign linked to the $TRUMP token, which grants exclusive access to the top 25 holders.<\/li>\n<p>&#13;\n<\/ul>\n<p>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.<\/p>\n<p>The dinner is part of a sweepstakes-style campaign linked to the $TRUMP token, which granted exclusive access to the top 25 holders.<\/p>\n<p>Sun announced late Monday on X that he topped the leaderboard, holding approximately $18.6 million worth of the token.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Honored to support <a href=\"https:\/\/twitter.com\/POTUS?ref_src=twsrc%5Etfw\">@POTUS<\/a> and grateful for the invitation from <a href=\"https:\/\/twitter.com\/GetTrumpMemes?ref_src=twsrc%5Etfw\">@GetTrumpMemes<\/a> to attend President Trump\u2019s Gala Dinner as his TOP fan!<\/p>\n<p>As the top holder of <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRUMP<\/a>, I\u2019m excited to connect with everyone, talk crypto, and discuss the future of our industry. \ud83c\uddfa\ud83c\uddf8 <a href=\"https:\/\/t.co\/FYb39LTwDz\">https:\/\/t.co\/FYb39LTwDz<\/a><\/p>\n<p>\u2014 H.E. Justin Sun \ud83c\udf4c (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1924676460461310008?ref_src=twsrc%5Etfw\">May 20, 2025<\/a><\/p><\/blockquote>\n<div class=\"wp-block-kevinbatdorf-xeet-wp xeet-wp\">\n<div class=\"react-tweet-theme Prh5YO6Z7gkcGwVjnX1Q\">\n<article class=\"y3vyxk0KOdMgcSTtzERK\">&#13;<\/p>\n<p>\u00a0<\/p>\n<p>&#13;<\/p>\n<p>\u201cHonored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump\u2019s Gala Dinner as his TOP fan!\u201d Sun wrote.<\/p>\n<p>&#13;<br \/>\n<\/article>\n<\/div>\n<\/div>\n<p>\u201cAs the top holder of $TRUMP, I\u2019m excited to connect with everyone, talk crypto, and discuss the future of our industry.\u201d<\/p>\n<h2 class=\"wp-block-heading\">Justin Sun and Trump\u2019s crypto projects<\/h2>\n<p>In addition to his $TRUMP holdings, Sun has invested $75 million into World Liberty Financial \u2014 a separate Trump-linked crypto initiative described by Trump\u2019s sons as a decentralized bank.<\/p>\n<p>According to its structure, 75% of the platform\u2019s revenue flows to entities owned by Trump.<\/p>\n<p>Combined, Sun\u2019s investments across the Trump crypto ecosystem now total more than $93 million.<\/p>\n<p>Sun, who was born in China, is the founder of the Tron blockchain.<\/p>\n<p>He is currently in discussions with the US Securities and Exchange Commission to settle civil fraud allegations.<\/p>\n<p>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 \u2014 the Tron Foundation, BitTorrent Foundation Ltd., and Rainberry Inc.<\/p>\n<p>With former SEC Chair Gary Gensler no longer at the agency, both the SEC and Sun\u2019s legal team are now reportedly seeking to pause the case.<\/p>\n<h2 class=\"wp-block-heading\">The controversy around Trump\u2019s meme coin dinner<\/h2>\n<p>Trump\u2019s plan to host the event has sparked controversy, with Democratic Senators Elizabeth Warren and Adam Schiff calling for a federal ethics investigation.<\/p>\n<p>They allege the initiative amounts to a \u201cpay-to-play\u201d scheme rife with \u201ccorruption and foreign influence,\u201d citing that a significant number of traders involved in the coin appear to be based outside the United States.<\/p>\n<p>The $TRUMP token rose about 4% on Tuesday, trading at $13.23, according to CoinMarketCap.<\/p>\n<p>That price values its circulating supply at $2.65 billion, placing it among the top 40 cryptocurrencies by market capitalization.<\/p>\n<p>Despite its valuation, the $TRUMP token, like many meme coins, lacks an underlying product or utility.<\/p>\n<p>Its website makes clear that the token is \u201cnot intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.\u201d<\/p>\n<p>\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/justin-sun-becomes-top-holder-of-trump-token-claims-spot-at-trump-gala-dinner\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) &#13; Crypto founder\u2019s stake in Trump-linked ventures now exceeds $93 million. &#13; He is currently in discussions with the US Securities and Exchange Commission to settle civil fraud allegations. &#13; The dinner is part of a sweepstakes-style campaign linked to the [&hellip;]<\/p>\n","protected":false},"author":3947362387,"featured_media":52778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52777"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362387"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=52777"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/52778"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=52777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=52777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=52777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}