Tron founder Justin Sun has officially confirmed what much of the crypto community had long suspected — he is the individual behind the top wallet holding Donald Trump’s namesake memecoin. And with that, he’s earned himself an exclusive invitation to dine with the former U.S. president on May 22.
In a May 19 post on X (formerly Twitter), Sun announced that he would be attending the highly publicized Trump memecoin dinner at one of Trump’s golf clubs near Washington, D.C. The event is part of a promotional initiative aimed at the top 220 holders of the TRUMP token — a controversial but increasingly influential cryptocurrency that has fused politics and digital finance like never before.
Sun revealed that he owns the leading wallet on the TRUMP token leaderboard, registered under the moniker “Sun.” That wallet holds around $19 million worth of the memecoin at a valuation of $13.20 per token. As a result, Sun qualifies not only for the dinner but also for a VIP reception and private tour reserved for the top 25 TRUMP holders.
In his post, Sun hinted at his intentions for the evening: to discuss the broader future of crypto, share ideas, and likely, strengthen relationships in the political sphere. While it’s unclear why he chose to disclose his participation nearly a week after the leaderboard was finalized on May 12, his confirmation underscores his deepening involvement with Trump-aligned crypto ventures.
For those following the trail of blockchain transactions and political influence, this move isn’t entirely out of left field. Sun has previously invested heavily in ventures tied to Trump and his family, including through World Liberty Financial — a crypto platform reportedly backed by Trump’s three sons. Records suggest Sun has poured roughly $75 million into related assets, including a $30 million buy-in not long after Trump’s 2024 electoral victory.
Sun’s growing proximity to Trump comes amid ongoing legal questions. In 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against him for allegedly orchestrating the unregistered sale and promotion of crypto asset securities. However, in early 2025 — shortly after Trump returned to office and named Mark Uyeda as acting SEC chair — the case was paused by mutual agreement. The timing has raised eyebrows in Washington, with some lawmakers questioning whether political connections played a role in the stay.
These entanglements haven’t gone unnoticed on Capitol Hill. Some Democratic lawmakers are raising red flags about what they perceive as potential pay-to-play schemes within the Trump administration. Massachusetts Senator Elizabeth Warren voiced her concerns after news of Sun’s dinner invitation broke: “The day after the Senate advances the GENIUS Act, Justin Sun — a major investor in the Trump family crypto venture — announces he’s getting a private dinner as the president’s top crypto buyer. This isn’t transparency — it’s a roadmap for corruption.”
That same GENIUS Act, which aims to regulate stablecoins, has already been mired in controversy due to the involvement of World Liberty Financial’s own stablecoin, USD1. On May 19, just hours before Sun’s dinner announcement, the Senate voted to advance the bill, intensifying the political stakes.
At a May 20 House oversight hearing, Representative Glenn Ivey of Maryland pressed newly sworn-in SEC Chair Paul Atkins for answers about the agency’s handling of Sun’s paused case. While Atkins had no direct involvement in the stay, Ivey voiced concern over the SEC’s seeming reluctance to act further, given Sun’s sizable investments in Trump-affiliated projects.
Those planning to attend the dinner will reportedly undergo background checks, though it’s unclear what level of scrutiny they’ll face. Alongside Sun, the guest list reportedly includes a number of crypto industry figures: Kronos Research’s CIO Vincent Liu, Hyperithm co-CEO Oh Sangrok, Synthetix founder Kain Warwick, consultant Vincent Deriu, user Morten Christensen, a World Liberty Financial adviser using the alias “Ogle,” and a delegate from MemeCore, a rising startup in the memecoin space.
What began as a quirky political stunt has now turned into a confluence of wealth, influence, and controversy. For Justin Sun, the memecoin dinner might be more than just a meal — it could be a defining moment in a broader strategy to align crypto with political power at the highest level.
