Justin Sun Becomes Largest TRUMP Investor with $21.9 Million Share

Tron’s creator, Justin Sun, has announced that he holds the highest amount of the TRUMP memecoin, which grants him access to an exclusive dinner and VIP event with former President Donald Trump this week.

A Solana wallet purportedly tied to Sun contains approximately $21.9 million worth of TRUMP tokens, securing his position as the leading participant in a contest aimed at rewarding significant token owners with personal access to Trump at a golf venue close to Washington, D.C. This leaderboard can be found on a site promoted by Trump via his social media account.

In addition to his memecoin investment, Sun is involved with World Liberty Financial, a decentralized finance initiative supported by Trump’s family, in which he has invested $75 million. The project’s co-founder, Zak Folkman, has acknowledged Sun’s crucial role in its achievements.

The TRUMP token was launched mere days before Trump’s inauguration in January, attracting widespread criticism for its timing and for distributing a significant share of tokens to individuals connected to Trump.

Several Democratic senators, including Elizabeth Warren and Richard Blumenthal, have asserted that Trump’s venture into cryptocurrency undermines ethical standards. They have put forward legislation aimed at preventing public officials from introducing or supporting digital currencies.

The White House responded to this backlash by downplaying the concerns and dismissing the allegations of conflict of interest as politically motivated disruptions.

It is notable that the TRUMP token experienced a substantial price increase following the announcement of the dinner. The event coincides with Bitcoin Pizza Day, which celebrates one of the first transactions using bitcoin.

At present, the TRUMP token is trading at $14.40, reflecting an 8.3% increase over the past 24 hours.