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cryptonews 2025-05-23 08:35:43

Trump Gifts Tron Founder Justin Sun Golden Watch for Being Top $TRUMP Holder

Trump Gifts Tron Founder Justin Sun Golden Watch for Being Top $TRUMP Holder

Key Takeaways: Justin Sun received a Trump Golden Tourbillon watch for being the top $TRUMP memecoin holder. Attendees spent a combined $148 million to qualify for Trump’s exclusive crypto dinner. The event drew political backlash and protests over Trump’s growing ties to crypto. Tron founder Justin Sun has received a Trump-branded Golden Tourbillon watch for being the top holder of President Donald Trump’s memecoin. In a May 23 post on X , Sun revealed he was awarded a luxury Trump Golden Tourbillon watch during the exclusive dinner hosted by Donald Trump. The event, held at Trump’s private golf club in Virginia, gathered the top 220 $TRUMP memecoin holders. Sun, a known crypto billionaire and backer of Trump-linked projects, claimed the top spot among them. “President Trump said to me, ‘Everyone in this room got in so early. Our young team is destined to achieve great things,’” Sun wrote in a follow-up post, alongside images of the award ceremony. I was awarded a Trump Golden Tourbillon watch by Trump! pic.twitter.com/CCYGQ6FMPA — H.E. Justin Sun (@justinsuntron) May 23, 2025 Sun Leads as top Memecoin Buyers to Attend Trump Event The private dinner required an estimated $148 million in collective token purchases between April 23 and May 12 to qualify for entry, according to data from Inca Digital. The top 25 spenders, who contributed over $111 million, were granted access to a VIP reception and a private tour with the former president. The $TRUMP token’s website, managed by Fight Fight Fight LLC — an affiliate of the Trump Organization — listed the event perks. Alongside CIC Digital LLC, the Trump family controls 80% of the token supply, per on-chain data. Chainalysis reports that over $320 million in trading fees have flowed to wallets tied to the token’s creators since January. Former NBA star Lamar Odom was also among the top 220 buyers of the $TRUMP memecoin and qualified to attend the dinner. Ogle, a crypto investor known by this pseudonym, was also among the top 220 buyers who qualified for the event. Notably, Trump’s crypto ventures go beyond the memecoin. He and First Lady Melania Trump each have official tokens, while Trump Media’s financial arm, Truth.Fi, offers crypto ETFs. Eric Trump, meanwhile, co-founded a Bitcoin mining firm that’s preparing for a public listing. Justin Sun’s ties to the Trump crypto orbit are extensive. The Tron founder is also the biggest backer of World Liberty Financial (WLF), a crypto venture led by Zach Witkoff, son of Trump’s Middle East envoy. Sun invested $75 million in the firm and purchased $30 million worth of its tokens during the launch. Political Blowback and Legal Clouds The event drew criticism from lawmakers . Rep. Maxine Waters (D-Calif.) called Trump’s crypto ventures a “personal money-making machine,” while Sen. Cynthia Lummis (R-Wyo.) admitted the optics “give me pause.” A group of Democrats is holding a press conference to address potential conflicts of interest. Furthermore, roughly 100 demonstrators gathered outside the Trump National Golf Club in Virginia as guests arrived. Protesters held signs reading “America is not for sale” and “Stop Crypto Corruption” while chanting “Shame!” as attendees emerged from their cars near the club’s security checkpoint. Some shouted, “I hope you choke on your dinner,” while others carried props, including a gold coin with Trump’s face and placards demanding the guest list be made public. The post Trump Gifts Tron Founder Justin Sun Golden Watch for Being Top $TRUMP Holder appeared first on Cryptonews .

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