After weeks of speculation, Tron founder Justin Sun claimed on May 19 that he owns the wallet that purchased the largest amount of Donald Trump’s meme coin, which qualifies him for a dinner and reception with the US president.
Sun said he had received an invitation to attend Trump’s dinner at his golf club outside Washington, DC, on May 22, as part of a reward for the top 220 meme – coin holders. He plans to network at the event, “talk crypto,” and “discuss the future” of the industry. The wallet he controls, under the username “sun,” held roughly $19 million worth of the meme coin at a price of $13.20.
Sun has a history of involvement with Trump – related crypto ventures. He has spent over $75 million on tokens through World Liberty Financial, a crypto platform backed by Trump’s three sons, and is also an adviser to the company. Before Trump won the 2024 election, Sun had been facing a lawsuit from the US Securities and Exchange Commission (SEC) over alleged “orchestration of the unregistered offer and sale, manipulative trading, and unlawful touting of crypto – asset securities”. In February, after Trump took office and appointed Commissioner Mark Uyeda as acting chair of the SEC, the regulator and Sun jointly filed a motion to stay the case, which was granted.
Sun’s and others’ involvement in Trump’s crypto ventures has raised concerns among many Democratic lawmakers, who argue that some individuals could use digital assets to essentially purchase influence with the president. The meme – coin dinner and the president’s links to World Liberty Financial have also drawn criticism from government watchdogs and Democrats, with some pushing for anti – corruption rules.
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