Justin Sun, the founder of Tron, recently revealed that he is the top holder of the TRUMP memecoin, granting him the opportunity to attend a private dinner and VIP reception with U.S. President Donald Trump this week. Sun’s Solana address is reported to hold around $21.9 million worth of the TRUMP coin, securing his position at the top of the leaderboard in a competition that offers access to Trump at a golf club near Washington, D.C. The leaderboard can be viewed on a website promoted by Trump on his X account.

In addition to his involvement with TRUMP, Sun is also a supporter of World Liberty Financial, a decentralized finance project endorsed by the Trump family, with an investment of $75 million. The success of the project has been attributed to Sun by its co-founder, Zak Folkman.

The TRUMP token was launched shortly before the president’s inauguration in January and received criticism from various quarters in the crypto industry and beyond. Critics highlighted concerns regarding the timing of the launch and the token’s distribution, which favors Trump-affiliated insiders.

Several Democratic lawmakers, including Sen. Elizabeth Warren and Sen. Richard Blumenthal, have raised concerns about Trump’s involvement in the cryptocurrency space, citing potential ethical issues. They have introduced bills aimed at preventing public officials from endorsing or launching digital assets.

In response to the scrutiny, the White House downplayed the allegations, denying any conflicts of interest and dismissing the criticism as politically motivated.

Interestingly, the price of Trump’s memecoin experienced a significant surge following the announcement of the dinner with President Trump. The event coincides with Bitcoin Pizza Day, a day that commemorates one of the earliest bitcoin transactions.

At present, TRUMP is trading at $14.40, showing an 8.3% increase in the last 24 hours.