Justin Sun Emerges as Donald Trump Memecoin's Top Holder With $21.9M Stake
Justin Sun, founder of Tron, has announced that he is the leading holder of the TRUMP memecoin, with a stake valued at approximately $21.9 million held in a Solana address. This title entitles him to attend a private dinner and VIP reception with U.S. President Donald Trump. Sun has also invested $75 million in World Liberty Financial, a decentralized finance project endorsed by the Trump family, which has been positively acknowledged by its co-founder, Zak Folkman. Critics of the TRUMP token have raised concerns about its controversial launch timing and distribution structure, as a significant portion of its supply is allocated to individuals linked to Trump. In response, the White House has dismissed claims of conflicts of interest as partisan tactics. Following the announcement of the dinner event, the TRUMP token saw a price increase of 8.3% within 24 hours, currently trading at $14.40.
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