The cryptocurrency world has just witnessed an extremely intriguing story: Justin Sun, founder of TRON and advisor to exchange HTX, is rumored to be the owner of the cold wallet 'Sun' – the wallet holding the largest amount of TRUMP memecoin, while also topping the list of holders eligible to attend the dinner with U.S. President Donald Trump.
"Sun" - Top TRUMP Holder Leading the Race
As announced, #DonaldTrump will host a gala on 22/05/2025 at a private golf club in Washington D.C., for the top 220 holder memecoin TRUMP. Notably, the top 15 holders will also attend a private reception and a VIP tour at the White House.
Amid the race for party invitations, a cold wallet named 'Sun' has been discovered. According to Arkham Intelligence, this wallet holds approximately 1.18 million TRUMP, equivalent to 14.1 million USD, and has quickly risen to the number 1 position in the holder rankings. Interestingly, this ranking is not only based on the number of tokens but also considers the holding period. Initially, the 'Sun' wallet ranked 12th, but by the morning of 25/04, it officially climbed to the top.
The team $TRUMP has also clarified that it is not necessary to own 300,000 USD TRUMP to be in the top 220 as some rumors suggested. The new official ranking is the basis for determining, excluding exchange wallets, market makers, and locked tokens.
In addition, to maintain fairness, the project team has committed to locking an additional 90 days on the unlocked tokens and those that will be unlocked in the next 3 months, to ensure that the contest results are not affected.
Following this news, the price of TRUMP surged over 40% and is currently adjusting around the 12 USD range.
Justin Sun: The Master of 'Playing Big' in the Crypto World
If 'Sun' is indeed Justin Sun's wallet, then this action aligns perfectly with his famous 'big spender' style. In the past, Justin has:
Spent nearly 5 million USD to bid for a lunch with billionaire Warren Buffett.
Spent 6.2 million USD to buy a banana taped to the wall in the controversial artwork Comedian.
Invested up to 75 million USD to support World Liberty Financial, a DeFi project advised by Trump.
With a history of such 'flashy' deals, owning a large amount of TRUMP to party with Trump is considered a smart move, both connecting politics and attracting media attention.
Though there is no 100% official confirmation that the 'Sun' wallet belongs to #JustinSun , on-chain signs such as connections to HTX, asset scale, and the investment portfolio (including Solana, Bonk, Fartcoin, and MELANIA) totaling nearly 66 million USD further reinforce this suspicion.
Special Context: Trump and the Crypto Revolution
The story becomes even more interesting when placed in the context of Donald Trump shaping himself as a crypto-friendly President. Since taking office again in January 2025, he has:
Appoint many officials supporting cryptocurrency.
Organized a national crypto summit.
Promoted the message of financial freedom and blockchain innovation.
The emergence of TRUMP and MELANIA memecoins right before the inauguration marked an unprecedented wave of politicizing crypto. Although it is not without controversy regarding real value, this trend is clearly opening new opportunities for investors who know how to seize them.
Conclusion: A Calculated Move by Justin Sun?
If Justin Sun is indeed behind the cold wallet 'Sun', this is surely an extremely wise and strategic move. Strengthening ties with Trump, asserting his position in the crypto community, and making the name 'Sun' continue to be mentioned in the media – both literally and figuratively.
In the context of cryptocurrency increasingly becoming part of the larger political flow, such moves indicate that the game is entering a completely new phase – where crypto and mainstream politics are no longer separate as before. #anhbacong
