Quickly understand the history and background of various well-known coins

Justin Sun tops $TRUMP coin ownership with $18.6 million stake

Coin WorldTuesday, May 20, 2025 2:27 pm ET

1min read

Chinese cryptocurrency entrepreneur Justin Sun has announced that he is the top owner of the $TRUMP meme coin, which was launched by former U.S. President Donald Trump. This revelation comes as Sun has been invited to a gala dinner with the president at his Virginia golf club outside Washington, D.C. on May 22. The dinner is a reward for investors who have spent millions of dollars buying the Trump cryptocurrency. Sun, along with 220 other top holders of $TRUMP, will also receive a VIP reception for the top 25 holders.

Sun made the announcement on social media, stating that he holds the top spot in ownership of the $TRUMP token, which has earned him an invitation to the dinner with the president. Sun holds $18.6 million worth of the Trump-themed meme token. In addition to his investment in the $TRUMP coin, Sun has also put $75 million into World Liberty Financial, a separate cryptocurrency venture that routes 75% of its revenue to Trump-owned entities. All told, Sun’s stake in the Trump family’s crypto ventures is approaching $100 million.

Born in China, Sun is the entrepreneur behind the Tron blockchain. He has been charged with civil fraud by the U.S. Securities and Exchange Commission (SEC), a charge he says he is in the process of resolving. The $TRUMP coin, 80% of which is controlled by the Trump Organization, has a circulating supply at $2.65 billion, making it the 39th most valuable cryptocurrency. Bitcoin (BTC) remains the most valuable crypto with a market capitalization of $2.1 trillion. Like other meme coins, there’s no underlying product associated with $TRUMP.

Sun's investment in the Trump family’s crypto ventures is a significant move, given his background and the current legal challenges he faces. His involvement in the $TRUMP coin and World Liberty Financial highlights his continued interest in the cryptocurrency space, despite the regulatory scrutiny he is under. The dinner invitation and VIP reception are not only a recognition of his financial investment but also a testament to his influence in the crypto world. This event is likely to draw attention to the $TRUMP coin and potentially boost its visibility and value in the market.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.