Buying Trump Coins provides an opportunity to meet the president 'face-to-face', and the list of the top 25 holders has been announced, with Justin Sun in first place!
This news has triggered a frenzy of buying for Trump Coins. Since the dinner announcement, the price of Trump Coins has increased by nearly 30%, though it remains well below its peak in January.
Spending money to buy Trump Coins, Justin Sun has purchased the most.
In the past three weeks, the price of 'Trump Coins' has fluctuated wildly, with many supporters and crypto enthusiasts scrambling to buy in order to qualify for a dinner invitation.
According to Lookonchain data, the wallet is owned by Justin Sun, the founder of Tron and a cryptocurrency billionaire.
According to two cryptocurrency forensic firms, the account belongs to an overseas exchange named HTX, with billionaire Justin Sun, founder of the cryptocurrency platform Tron, serving as the global advisor for the exchange.
The second place is taken by Singapore cryptocurrency startup MemeCore, which holds approximately $17.4 million worth of Trump Coins, making it the second largest holder.
The company is developing a platform for meme coin creators, with Chief Business Development Officer Cherry Hsu stating that they are seeking to build bridges with the U.S. meme coin community.
Additionally, Australian entrepreneur Kain Warwick is also on the leaderboard, expressing hope to chat with Trump or his second son Eric Trump for a few minutes at the dinner.
A cryptocurrency enthusiast from New York, Vincent Deriu, qualified for the dinner by purchasing approximately $116,000 worth of Trump Coins.
He stated that the upcoming dinner is a more democratic way of fundraising than traditional large-scale fundraising events, possibly the only opportunity to meet the president.
Government oversight organizations condemned the dinner.
Reports indicate that a large number of foreign investors occupy VIP seats, with ethical watchdogs warning that this may violate federal regulations and constitutional provisions.
According to data from blockchain analytics firm Inca Digital, among the 25 wallets eligible for the reception, at least 17 received funds from non-U.S. cryptocurrency exchanges that Americans cannot use.
This suggests that many participants in the VIP reception may be foreigners, raising concerns about potential conflicts of interest between Trump family's business interests and foreign powers.
"This is an ethical nightmare," said Norm Eisen, former special ethics and government reform advisor in the Obama administration.
Reports indicate that during Trump's second term, he and his family frequently leveraged the presidency for the benefit of their family business.
In addition to meme coins, their involvement in the cryptocurrency space also includes a Bitcoin mining company and World Liberty Financial, a venture capital project promoted by Trump's sons.
Wall Street Journal previously mentioned that Trump's second son Eric Trump announced that a venture capital firm backed by the Abu Dhabi government would use digital currency provided by World Liberty for a $2 billion investment.
Critics argue that given the president's reduction of cryptocurrency regulations, these actions constitute a conflict of interest.
Connecticut Democratic Senator Richard Blumenthal called it one of the most outrageous abuses of power for personal gain in American history.
The White House stated that the auction promoted by Trump on his social platform will not affect the president's policy decisions.
White House Press Secretary Karine Jean-Pierre previously told reporters that Trump has "fully complied with all conflict of interest laws" regarding his cryptocurrency-related activities.
