Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, May 8, 2020.
Calvin Sit | Bloomberg | Getty Images
Chinese-born crypto mogul Justin Sun says he’s the top holder of the $TRUMP meme token and will be having dinner with President Donald Trump.
The dinner competition — a sweepstakes offering gala access to the sitting U.S. president — was open to anyone in the world willing to spend millions of dollars on a digital coin tied to Trump.
Late Monday night, Sun posted on X that he had secured the top spot in the $TRUMP token leaderboard, which earned him an invite to a private dinner with the president, as well as a VIP reception for the top 25 holders.
“Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!” he wrote. “As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry.”
Sun now holds $18.6 million worth of the Trump-themed meme token, on top of the $75 million he previously poured into World Liberty Financial — a separate Trump-linked crypto venture his sons have described as a decentralized bank designed to expand access to the financial system. 75% of the platform’s revenue flows directly to Trump-owned entities.
Altogether, Sun’s stake in the Trump family’s crypto empire now tops $93 million.
Born in China, Sun is the crypto entrepreneur behind the Tron blockchain and is in talks with the Securities and Exchange Commission to resolve civil fraud charges.
The $TRUMP coin rose in value by about 2% on Tuesday to $13.27, according to Coinmarketcap.com. That values the circulating supply at $2.65 billion, making it the 39th most valuable cryptocurrency. Bitcoin is the most valuable at $2.1 trillion.
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