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★ Private Action

Justin Sun becomes top $TRUMP holder to secure dinner invite

Trump Crypto Conflicts

Filed May 2025$19,000,000

★ The Brief

What happened

Sun publicly disclosed on May 20, 2025 that he was the top holder of the $TRUMP memecoin, owning approximately 1.4 million tokens worth around $19 million after buying during the April-to-May qualifying window.

Who enabled it

Who benefits

Deal or steal?

Sun was simultaneously in talks with Trump's SEC over the agency's 2023 fraud suit against him. His $TRUMP purchases funneled trading fees to the Trump family and partners controlling roughly 80% of the token supply.

Chinese-born crypto entrepreneur Justin Sun publicly disclosed on May 20, 2025 that he was the top holder of the $TRUMP memecoin, owning approximately 1.4 million tokens valued at around $19 million. Sun bought $TRUMP during the April 23 – May 22 qualifying window, securing a spot at Trump's May 22 dinner at his Northern Virginia golf club reserved for the top 220 $TRUMP holders. Sun was simultaneously in talks with Trump's SEC over a potential resolution to a 2023 fraud suit the agency had brought against him.

Actors

Who pushed it · 1

Who initiated, paid, or pushed the action.

Beneficiaries

Who gained · 3

Who stood to gain.

  • Donald Trump
    Donald Trump

    Received a share of trading fees generated by Sun's $TRUMP purchases.

  • Fight Fight Fight LLC

    Co-controller of the $TRUMP token; collected trading fees from Sun's purchases.

  • Trump Organization
    Trump Organization

    Affiliate controls ~80% of the $TRUMP supply and collected trading fees from Sun's purchases.

Sources

Further reading