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The Coin Rise 2025-05-21 07:42:29

Justin Sun Confirms Being Top TRUMP Holder Ahead of Memecoin Dinner

Justin Sun Confirms Being Top TRUMP Holder Ahead of Memecoin Dinner

Tron founder Justin Sun has publicly confirmed that he is the owner of the wallet holding the largest amount of Donald Trump’s TRUMP memecoin — a revelation that has stirred both celebration and scrutiny across the crypto and political landscapes. The disclosure came via a May 19 post on X, where Sun announced that he had secured an invite to an exclusive dinner with the former U.S. president, scheduled to be held at the president’s golf club near Washington, D.C. Sun to Attend Trump Dinner as Top Memecoin Holder According to Sun, his wallet, which holds around $19 million worth of the TRUMP token at a trading price of $13.20, earned him a top spot among the 220 holders eligible for the May 22 dinner. More notably, being the leading wallet on the leaderboard also grants Sun access to a private reception and VIP tour reserved for the top 25 token holders. He stated that he plans to “talk crypto” and “discuss the future” of the industry at the event. The crypto community had long speculated that Sun was behind the wallet, especially after his previous $75 million investment into Trump-backed crypto ventures through World Liberty Financial — a platform reportedly supported by Trump’s sons. This included a $30 million token purchase shortly after the 2024 U.S. presidential election. Sun also serves as an adviser to the firm, further tightening his link to the Trump crypto ecosystem. Concerns Over Influence and Regulation Sun’s involvement has raised red flags among lawmakers, particularly those wary of political influence being bought through crypto investments. The timing of his announcement — just hours after the Senate advanced the GENIUS Act, a bill aimed at regulating stablecoins — has intensified concerns about potential conflicts of interest. Massachusetts Senator Elizabeth Warren criticized the move, calling it a sign of “corruption” that the GENIUS Act fails to address. During a May 20 congressional hearing, Representative Glenn Ivey questioned SEC Chair Paul Atkins about the timing of Sun’s stayed legal case and his ties to Trump’s ventures. Although Atkins assumed office after the SEC agreed to pause its lawsuit against Sun — which involves allegations of unregistered securities offerings and market manipulation — Ivey pointed to the troubling proximity between Sun’s crypto activities and regulatory decisions. As of May 20, other confirmed attendees of the dinner include notable figures from the crypto world, such as Vincent Liu of Kronos Research and Synthetix founder Kain Warwick. The post Justin Sun Confirms Being Top TRUMP Holder Ahead of Memecoin Dinner appeared first on TheCoinrise.com .

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