Justin Sun, the top holder of Donald Trump's $Trump token, was presented with a $100,000 Trump-branded watch at a dinner for the coin's top holders.

Justin Sun, the top holder of the coin, said he was presented with a $100,000 Trump-branded watch.

President Donald Trump met with the top holders of his meme coin on Thursday night. The top 220 people who hold the $Trump token were invited to the event at the Trump National Golf Club outside Washington, DC.

At the event, Trump thanked the crowd for their support and spoke about the administration’s efforts to support the crypto industry.

“I really appreciate, like, everything the Trump administration has done to our industry,” the top holder of the coin, crypto billionaire Justin Sun, said in a video he reposted on X. “As the president said right before, so like, basically, like, 100 days ago, like, they go after crypto people like everywhere. That’s impossible for us to have such beautiful events in DC.”

The crypto billionaire said he was gifted a Trump Tourbillon watch, which retails for $100,000. The top 25 holders were treated to a more intimate reception with Trump.

“It was an honor to attend the Trump Gala Dinner and meet President Trump again at the Trump National Golf Club in the US.,” Sun said in a separate post on X.

The president’s daughter Ivanka Trump and son Donald Trump Jr. were also at the event.

The event came after the Securities and Exchange Commission charged Sun with fraud, manipulating the market for Tronix or TRX crypto. The SEC chair at the time, Gary Gensler, said in a statement that Sun allegedly deceived investors.

The SEC’s case began in December 2023, shortly after Gensler took the helm of the commission. But in February, after Trump took office, the SEC announced it was pausing the case.

Sun, whom Forbes estimates is worth $8.5 billion, has other ties to Trumpworld. Before buying the meme coin, he invested $75 million in World Liberty Financial, a crypto project that is close to the president and his sons.

The White House previously said it had no involvement in the event. The dinner was held at Trump’s private golf club, where he spoke from behind a presidential podium.

Trump stands to make millions off the meme coin. The $Trump coin website says the Trump Organization and affiliated entities control 80% of the meme coin. First lady Melania Trump also has her own coin.

Sun has spent millions to participate in other headline-grabbing events. He shelled out $4.6 million to have lunch with Warren Buffett, $6.2 million to eat a duct-taped banana, and a staggering $28 million to fly on Jeff Bezos’ Blue Origin (though Sun has yet to blast off).

Representatives for the Trump Organization and Sun did not immediately respond to a request for comment from Business Insider.