Justin Sun, founder of Tron and a prominent figure in the crypto world, has officially registered for the upcoming TRUMP dinner hosted by U.S. President Donald Trump.
According to blockchain analytics platform Lookonchain, Sun currently holds 1,176,803 TRUMP tokens, valued at approximately $14.32 million, making him the top holder on the leaderboard.
TRUMP token holders in the top 220 positions will access a special dinner planned for May 22. Sun’s position as a top holder creates intense interest throughout the crypto market, which causes wealthier investors to compete for spots on this private dinner list.
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The TRUMP token gained over 60 percent in the first hour after the dinner announcement. Public interest in TRUMP tokens continues to be high despite its recent price dip, which settled at $12.09 before a minor daily decline of 0.6 percent.
Sun’s wallet, which has confirmed his registration for the event, has consistently grown TRUMP tokens throughout the previous three months. Real-time blockchain activity reflects no evidence of token selling, therefore, Sun maintains a strong position as a contender for the upcoming May event.
Sun’s Massive Stake Sparks Buying Frenzy Among Competing Crypto Wallets
With Justin Sun leading the leaderboard, other investors have jumped into the TRUMP market. At least 27 wallets have acquired over 100,000 TRUMP tokens each, spending roughly $1 million per wallet. The second-largest known purchase on the ranking totals 2 million tokens, valued at around $24 million.
The substantial trading surge has resulted in $1.25 million in transaction fees for the Trump-affiliated project throughout the previous week. The leaderboard mechanism ensures wallet security, so more participants have joined to gain entry into the gala.
Sun’s participation in the initiative brings additional respectability, drawing increased attention to the token. Last year, after the U.S. election, Sun made a $30 million investment in WLFI, which added to his portfolio after earlier investments. The events show crypto figures joining forces with political occasions as part of an expanding trend.
Despite this, the industry faces challenges because critics describe potential conflicts of interest in project involvement. These meetings between meme coin companies, political officials, and high-net-worth investors create multiple questions regarding how their interactions or visibility will impact the events.
Conclusion
Justin Sun confirmed a $14.3 million stake in TRUMP tokens, and his registration for President Trump’s exclusive gala has intensified the spotlight on the meme coin and its high-profile holders. With only weeks before the event, the crypto space remains hyper-focused on who will join Sun at the table.
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