Justin Sun Awarded a Trump-Branded Watch for Investing $148 Million in the POTUS's Meme Coin

The event was a private dinner with the president at Trump National Golf Club, where “investors spent an estimated $148 million on the $TRUMP meme coin to secure their seats ...

A private dinner with President Donald Trump at Trump National Golf Club Thursday night had investors spending an estimated $148 million on the $TRUMP meme coin to secure their seats, crypto intelligence firm Inca Digital said, reports Reuters.

The top-25 holders of the $TRUMP meme coin have invested more than $111 million in the token, and the Trumps have made $320.19 million in fees from their meme coins, according to an analysis by crypto analytics firm Token Terminal, which was cited by the news outlet.

The report noted that the $TRUMP meme coin is currently trading at around $0.000000001875, while the $POTUS meme coin is priced at approximately $0.000000008.

Those who attended the dinner at the president’s sprawling estate in Bedminster, New Jersey, included prominent figures in the MAGA movement, such as Representative Marjorie Taylor Greene and former Trump administration officials.

The guests were reportedly required to make a minimum contribution of $50,000 to the Trump campaign to gain access to the exclusive event.

At the dinner, President Trump awarded Justin Sun, the CEO of the TRON blockchain, with a Trump Gold Tourbillon watch, as seen in a photo shared by Sun.

"I am honored to be the top holder of $TRUMP and to have had the opportunity to spend time with President Trump at his private dinner," Sun wrote in a post on X, formerly known as Twitter.

"It was an incredible evening filled with great food, interesting conversations, and the company of esteemed guests."

Sun, a known supporter of Trump and a frequent poster of MAGA content, is also the founder of several failed crypto projects.

Earlier this year, the U.S. Securities and Exchange Commission (SEC) put a 60-day pause on charges of market manipulation and offering unregistered securities it had been pursuing since 2023 against Sun, who is accused of defrauding investors in a $2.4 billion initial coin offering (ICO), reports The Wall Street Journal.

"I am not surprised by the temporary stay of the SEC's case against Justin Sun," said an expert in constitutional law and legal theory at the University of Pennsylvania Law School.

"Given the president's involvement in the crypto projects and the potential conflicts of interest that could arise, it is understandable that the commission would want to hold off on any action that could be seen as interfering with the administration's agenda."

The expert added that the SEC's decision to stay the case was "highly unusual" and could be seen as an indication of the significant pressure that was being placed on the agency to drop the case entirely.

"It is clear that the president's close ties to these crypto projects and his involvement in the campaign finance system have created a unique set of legal and ethical challenges for the SEC," the expert said.

"The commission will need to carefully balance its enforcement responsibilities with the need to avoid any actions that could be seen as unduly influencing the president or his administration."

The SEC did not immediately respond to a request for comment from MSNBC.

The White House also didn't immediately respond to a question from the outlet as to whether the president actually gifted this watch to Sun.

Meanwhile, Trump is whipping votes for a House budget with deep cuts to social programs, such as food aid and health care.

The president's contrasting activities on Thursday highlight the stark choices facing the American people in the upcoming election.

While Trump is cutting programs that help those in need, he is also reportedly helicoptering into a ritzy and self-enriching dinner with a few rich men who paid $148 million to secure their seats at the table.

The images of Trump on Thursday—first in the White House, and then at the golf club—are a perfect encapsulation of the two Trumps that the American people have come to know.

One Trump is the president who campaigned on a promise to "drain the swamp" of corruption in Washington, D.C., and who pledged to help those who are struggling to get by.

The other Trump is the billionaire businessman who is more interested in lining his own pockets than in serving the common good.

It is clear which Trump the American people will be better served by in the upcoming election.

Those who attended the dinner at the president’s sprawling estate in Bedminster, New Jersey, included prominent figures in the MAGA movement, such as Representative Marjorie Taylor Greene and former Trump administration officials.

The guests were reportedly required to make a minimum contribution of $50,000 to the Trump campaign to gain access to the exclusive event.

At the dinner, President Trump awarded Justin Sun, the CEO of the TRON blockchain, with a Trump Gold Tourbillon watch, as seen in a photo shared by Sun.

"I am honored to be the top