Chinese cryptocurrency entrepreneur Justin Sun says he’s the top owner of the $TRUMP meme token that was launched by U.S. President Donald Trump.

As the top holder of the $TRUMP digital token, Sun has won an invitation to dinner with the American president. The dinner is a reward for investors willing to spend millions of dollars buying the Trump cryptocurrency.

Crypto entrepreneur Justin Sun, known for his role in the Tron blockchain, is the top holder of the $TRUMP meme token launched by former U.S. President Donald Trump, according to an internal document seen by Bloomberg.

The dinner is a highlight of a broader gala that Trump Organization is hosting at his golf club in Sterling, Virginia, on May 22 to celebrate the first anniversary of the $TRUMP token launch. About 220 top holders of $TRUMP are invited to the event.

The president will deliver remarks at the gala’s opening and also host a VIP reception for the top 25 $TRUMP holders, the document shows. The event will also feature a performance by U.S. pop star Ava Max.

Having the largest $TRUMP holding earns Sun an invitation to dinner with Trump, while the top 25 $TRUMP holders will be able to attend a VIP reception with the president.

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.

Most Wall Street firms don’t offer ratings or price targets on $TRUMP, so we’ll look instead at the three-month performance of Bitcoin. As one can see in the chart below, the price of BTC has risen 9.27% in the last 12 weeks.

Here’s a look at the performance of the world’s largest cryptocurrency:

Bitcoin chart

After hitting a low of $14,236 on March 13, the price of BTC rose as high as $15,555 on Monday. As of 10:00 a.m. Eastern Time, the cryptocurrency was trading at $15,432, up 0.4%.

What’s more, the price of BTC is still down 73.6% from its all-time high of $69,000, which it hit in November 2021. At its peak, the cryptocurrency was trading at a market capitalization of $1.3 trillion.

After reaching a low of $14,236, the price of BTC dropped to as low as $14,000 in the morning hours of Monday, before rising to $15,555 in the afternoon hours.

After a steep decline in March, the cryptocurrency experienced a rebound, rising 9.27% over the past three months.

However, in the past 12 months, the token has lost 41.58% of its value. Nonetheless, BTC is still up 237.2% over the past five years.