Key Takeaways:
In recognition of his position as the leading holder of the $TRUMP memecoin, Tron founder Justin Sun was presented with a luxurious Trump-branded Golden Tourbillon watch.
The exclusive crypto dinner, hosted by former President Donald Trump, saw attendees collectively spend an astounding $148 million to secure their places at the event.
The gathering sparked a wave of political criticism and protests, highlighting concerns over Trump’s increasing associations with the cryptocurrency industry.
Justin Sun, a prominent figure in the cryptocurrency space, received a lavish Trump Golden Tourbillon watch during a private dinner attended by the top 220 holders of the $TRUMP memecoin.
On his X account, Sun shared the news of his award on May 23, revealing that he was honored with the timepiece at the dinner held at Trump’s private golf course in Virginia. Sun’s investment in the memecoin catapulted him to the top-ranking holder among attendees.
Sun recounted a conversation with Trump, stating, “Everyone in this room got in so early. Our young team is destined to achieve great things,” alongside images from the awards ceremony.
I was awarded a Trump Golden Tourbillon watch by Trump! pic.twitter.com/CCYGQ6FMPA
— H.E. Justin Sun (@justinsuntron) May 23, 2025
Sun Leads as Top Memecoin Buyers to Attend Trump Event
To qualify for the private dinner, participants needed to make significant purchases of the $TRUMP token, totaling approximately $148 million between April 23 and May 12, as per data from Inca Digital.
The elite group of 25 top spenders, who invested over $111 million, were granted access to a VIP reception and a private tour with the former president.
The $TRUMP token, managed by Fight Fight Fight LLC—an affiliate of the Trump Organization—listed various perks associated with the event.
Data indicates that the Trump family and CIC Digital LLC together control 80% of the token’s supply, while Chainalysis reports that wallets linked to the creators have seen upward of $320 million in trading fees since the beginning of the year.
Among the notable figures present was former NBA player Lamar Odom, who also qualified by being one of the top 220 buyers of the $TRUMP memecoin. Another top buyer identified only by the pseudonym Ogle was among those attending the event.
Beyond the memecoin, Trump’s ventures in the cryptocurrency realm extend to both he and First Lady Melania Trump having their own official tokens. Additionally, Trump Media’s financial division, Truth.Fi, offers cryptocurrency ETFs, while Eric Trump has co-founded a Bitcoin mining company poised for a public offering.
Justin Sun’s connections within Trump’s cryptocurrency network are robust. He is the primary investor in World Liberty Financial (WLF), a crypto initiative led by Zach Witkoff, the son of Trump’s envoy to the Middle East, having invested $75 million and acquiring $30 million in tokens at launch.
Political Blowback and Legal Clouds
The high-profile event faced scrutiny from various lawmakers. Representative Maxine Waters (D-Calif.) denounced Trump’s cryptocurrency endeavors as a “personal money-making machine,” while Senator Cynthia Lummis (R-Wyo.) expressed concerns regarding the optics of the situation.
A coalition of Democrats is planning a press conference to address potential conflicts of interest arising from these dealings.
Moreover, approximately 100 protesters gathered outside the Trump National Golf Club in Virginia as guests arrived for the dinner. They held signs reading “America is not for sale” and “Stop Crypto Corruption,” while chanting “Shame!” as attendees made their way from vehicles toward the club’s entry.
Some demonstrators expressed their discontent with statements like, “I hope you choke on your dinner,” and showcased props, including a gold coin featuring Trump’s likeness, along with banners demanding transparency regarding the guest list.
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