The Official Trump TRUMP/USD meme coin project shortlisted the top 220 holders eligible for an exclusive dinner with President Donald Trump on Monday

RX/USD Founder Justin Sun Is the Biggest Holder of Trump TRUMP/USD Meme Coin Project

The Official Trump TRUMP/USD meme coin project has shortlisted the top 220 holders who will be attending an exclusive dinner with former President Donald Trump on Monday.

What Happened: The meme coin’s official website posted the leaderboard, highlighting the apex tier of the TRUMP meme coin ecosystem.

The top position on the leaderboard, with about $17.68 million in Trump’s meme coin, is associated with a wallet named “SUN,” which, according to Lookonchain, belongs to Tron TRX/USD founder and cryptocurrency billionaire Justin Sun.

Interestingly, Sun is also a leading investor and advisor at World Liberty Financial, the decentralized finance platform backed by the Trump family.

Sun has been a subject of controversy and faces legal pressure from the SEC on charges of fraud and market manipulation. Earlier in February, both parties—Sun and the SEC—requested a 60-day stay in the proceedings to explore a potential resolution.

Sun didn’t immediately return Benzinga’s request for comment.

The second-largest holder, with approximately $17.18 million, is the Singaporean cryptocurrency startup MemeCore, a Forbes report said, citing the firm’s public X posts. It also highlighted the entry of Kain Warwick, an Australian crypto investor, into the top 220.

Why It Matters: The exclusive gala dinner has raised concerns about the potential for corruption, with critics arguing that it allows wealthy and possibly foreign actors to buy access to the former president. It triggered a call for impeachment from Sen. Jon Ossoff (D-Ga.). Moreover, Sen. Elizabeth Warren (D-Mass.) requested that the U.S. Office of Government Ethics investigate Trump’s potential violation of federal ethics regulations.

The project, 80% of whose supply is controlled by an affiliate of the Trump Organization, emphasizes that TRUMP is not a political initiative or investment opportunity but an expression of support for Trump’s ideals.

Price Action: At the time of writing, TRUMP was exchanging hands at $12.45, showing a decrease of 10.06 in the last 24 hours and a rise of over 77% compared to the week. Since its peak, the meme coin has seen a decline of 83.63, as per data available on Benzinga Pro.

See More: Top 5 Meme Coins To Watch This Week: PEPE Price Surges 70% As BTC Remains Flat

This content was partially produced with the help of Benzinga Neuro, an AI technology capable of summarizing and rewriting news articles, press releases, and other types of content.output: The Official Trump TRUMP/USD meme coin project has shortlisted the top 220 holders who will be attending an exclusive dinner with former President Donald Trump on Monday.

The meme coin’s official website posted the leaderboard, highlighting the apex tier of the TRUMP meme coin ecosystem.

The top spot on the leaderboard, holding about $17.68 million in Trump’s meme coin, is claimed by a wallet named “SUN,” which, according to Lookonchain, belongs to Tron TRX/USD founder and cryptocurrency billionaire Justin Sun.

Interestingly, Sun is also a leading investor and advisor at World Liberty Financial, the decentralized finance platform backed by the Trump family.

Sun has been a subject of controversy and faces legal pressure from the SEC on charges of fraud and market manipulation. Earlier in February, both parties—Sun and the SEC—requested a 60-day stay in the proceedings to explore a potential resolution.

Sun didn’t immediately return Benzinga’s request for comment.

The second-largest holder, with approximately $17.18 million, is the Singaporean cryptocurrency startup MemeCore, a Forbes report said, citing the firm’s public X posts. It also highlighted the entry of Kain Warwick, an Australian crypto investor, into the top 220.

Why It Matters: The exclusive gala dinner has raised concerns about the potential for corruption, with critics arguing that it allows wealthy and possibly foreign actors to buy access to the former president. It triggered a call for impeachment from Sen. Jon Ossoff (D-Ga.). Moreover, Sen. Elizabeth Warren (D-Mass.) requested that the U.S. Office of Government Ethics investigate Trump’s potential violation of federal ethics regulations.

The project, 80% of whose supply is controlled by an affiliate of the Trump Organization, emphasizes that TRUMP is not a political initiative or investment opportunity but an expression of support for Trump’s ideals.

Price Action: At the time of writing, TRUMP was trading at $12.45, showing a decrease of 10.06 in the last 24 hours and a rise of over 77% compared to the week. Since its peak, the meme coin has seen a decline of 83.63, as per data available