Tron founder Justin Sun confirms he is behind the wallet holding the largest stake in Donald Trump's memecoin

Justin Sun confirmed he is behind the wallet holding the largest stake in Donald Trump's memecoin — a move that grants him access to an exclusive dinner with the U.S. president.

Tron founder Justin Sun confirmed he is the biggest holder of Donald Trump's memecoin and will be attending an exclusive dinner with the U.S. president at the top-220 token buyers.

The billionaire said he received an invitation to the May 22 dinner hosted at Trump’s golf club outside Washington. The event is part of a rewards program for the TRUMP token, which is being sold to raise funds for Trump’s 2024 presidential campaign.

Sun said he controls the leading wallet on the TRUMP token leaderboard, holding about $19 million worth of the memecoin at $13.20 per token. His username on the TRUMP chain is "Sun."

"I will be joining President Trump for dinner at his golf club to discuss crypto and the future of the industry," Sun wrote in a post on X, formerly known as Twitter.

His announcement comes a week after the leaderboard was finalized on May 12, with the top 25 token holders also set to attend a private reception and VIP tour.

Sun’s involvement extends beyond token speculation. He reportedly invested $75 million in Trump-linked crypto projects via World Liberty Financial — a digital asset platform backed by Trump’s sons.

That includes a $30 million investment shortly after Trump won the 2024 election, and he serves as an adviser to the company.

The timing of his investments has drawn scrutiny in Washington. Sun had been facing a 2023 SEC lawsuit over allegations of unregistered securities offerings and market manipulation.

But just weeks after Trump took office and named Mark Uyeda as acting SEC chair, both parties requested a stay in the case. A federal judge granted the motion in February.

At a May 20 congressional hearing, Maryland Rep. Glenn Ivey questioned new SEC Chair Paul Atkins about the stay and the optics of Sun’s deepening ties to Trump’s inner circle.

Atkins, who was not in office when the motion was granted, did not comment on the merits of the case.

“The fact that the Biden administration is now putting a stay on that case and allowing this to play out in the new year raises serious questions about the administration’s priorities,” Ivey said.

Sun’s crypto investments have also triggered backlash among Democrats as Congress debates digital asset regulation.

Critics say the memecoin dinner — and its rewards for top buyers — risks becoming a channel for buying influence.

“How convenient: the day after the Senate advances the GENIUS Act, Justin Sun — a major investor in the Trump family crypto venture — announces he’s getting a private dinner as the president’s top crypto buyer,” Sen. Elizabeth Warren said in a statement.

The GENIUS Act, which stands for "Generating Economic and National Interest Solutions" and is a bipartisan bill to regulate crypto, passed the Senate on Friday, tying together two Trump administration appointees.

The legislation has also been complicated by World Liberty Financial’s own USD1 stablecoin.