Tron (TRX) price nears $0.30 amid controversy as Justin Sun attends Trump dinner. Here's how market sentiment and derivatives impact TRX price

A high-profile dinner hosted by Donald Trump for holders of his TRUMP memecoin triggered a political and market ripple effect, especially for TRON (TRX). Justin Sun's appearance at the event, held May 23 at Trump National Golf Club near D.C., became a flashpoint.

Tron (TRX) price saw a slight pullback on Tuesday, slipping above the $0.260 level as pessimism over Justin Sun’s appearance at Donald Trump’s dinner for memecoin holders began to wane.

According to Bloomberg, over 100 demonstrators protested against grifting and foreign crypto billionaires’s influence in U.S. politics.

The protesters gathered outside Trump National Golf Club in Bedminster, N.J., ahead of the dinner on Tuesday evening.

They marched and chanted slogans like "America is not for sale" and "Dump Trump, Dump DeSantis."

The demonstration comes amid reports that seven-course menus for the dinner were priced at $150,000 per table, seating ten guests.

Those buying into the joke token will be able to attend the dinner with Trump and other guests.

The TRUMP memecoin, launched at inauguration, is a collection of 4,444 unique NFTs on the Ethereum blockchain.

Sun, an early investor in meme tokens and founder of TRON, is among a select group of top investors in the official TRUMP Memecoin token.

During the dinner, Trump is expected to reiterate his promise to make America “a crypto leader.”

According to reports, guests at the dinner will receive an NFT copy of the TRUMP memecoin, granting them access to exclusive benefits within the memecoin ecosystem.

Earlier this month, Trump announced the launch of his own memecoin, featuring his likeness and signature.

The Trump memecoin project is purportedly aiming to raise $10 million through direct investment from cryptocurrency billionaires.

The initiative aims to support candidates running for office in the upcoming 2024 presidential election.

Those interested in attending the dinner with Trump can purchase a TRUMP memecoin token for 1.8 ETH on OpenSea.

The primary market tokens are priced at 0.8 ETH.

Secondary market prices for the tokens have fluctuated throughout the day on May 23.

As of press time, TRUMP memecoins were available for purchase at 0.2 ETH on OpenSea.

The Trump memecoin project is a collaboration with the MAGA Inc. cryptocurrency initiative, founded by former Trump administration official Mark Lanter.

Lanter’s firm has partnered with the Trump campaign to create unique NFTs that grant the holder the opportunity to attend the 2024 Republican National Convention in support of the nominated candidate.

The initiative also aims to raise funds for candidates running in the 24 presidential election through direct investment from cryptocurrency billionaires.

The project is focusing on securing commitments of $25 million or more from five crypto billionaires.

Those making the pledges will become members of the "Council of Presidents."

The council members will then advise the Republican presidential nominee on economic and political matters.

The Trump memecoin project is aiming to raise $10 million through direct investment from crypto billionaires in support of candidates running in the upcoming 24 presidential election.

According to sources familiar with the matter, the project is focusing on securing commitments of $25 million or more from five crypto billionaires.

Those making the pledges will become members of the “Council of Presidents.”

The council members will advise the Republican presidential nominee on economic and political matters.

The initiative is part of MAGA Inc.’s broader effort to reshape the Republican Party with a focus on cryptocurrency and Web3 technologies.

Lanter’s firm has partnered with the Trump campaign to create unique NFTs that grant the holder the opportunity to attend the 24 Republican National Convention in support of the nominated candidate.

The Trump memecoin project is also selling merchandise and apparel featuring the former president’s image and signature.

Those interested in attending the dinner with Trump can purchase a TRUMP memecoin token for 1.8 ETH on OpenSea.

Primary market tokens are priced at 0.8 ETH.

Secondary market prices for the tokens have varied throughout the day.

As of press time, TRUMP memecoins were available for purchase at 0.2 ETH on OpenSea.

According to reports, billionaire Justin Sun, an early investor in meme tokens and founder of TRON, is among a select group of top investors in the official TRUMP Memecoin token.

The Trump memecoin project is aiming to raise 10 million through direct investment from cryptocurrency billionaires in support of candidates running in the upcoming 24 presidential election.

According to sources familiar with the matter, the project is focusing on securing commitments of 25 million or more from five crypto billionaires.

Those making the pledges will become members of the “Council of Presidents.”

The council members will advise the Republican presidential nominee on economic and political matters.

The initiative is part of MAGA Inc.’s broader effort to reshape the Republican Party with a focus on cryptocurrency and Web3 technologies.

Lanter’s firm has partnered with the Trump campaign to create unique NFTs that grant the holder the opportunity to attend the