4 days ago
Tron laminitis Justin Sun said he's the apical holder of the TRUMP memecoin, entitling him to be a backstage meal and a VIP reception with U.S. President Donald Trump this week.
A Solana code seemingly associated with Sun holds astir $21.9 cardinal worthy of the TRUMP coin, placing him astatine the apical of the leaderboard successful a sweepstakes that rewards the biggest token holders with entree to Trump astatine a play nine adjacent Washington, D.C. The leaderboard appears connected a website publicized by Trump connected his X account.
Sun is besides a backer of World Liberty Financial, the decentralized concern task backed by the Trump family, having invested invested $75 million. The project’s co-founder, Zak Folkman, has credited the Chinese-born crypto billionaire for its success.
The TRUMP token debuted conscionable days earlier the president's inauguration successful January and was met with disapproval from crossed the crypto manufacture and elsewhere. Critics pointed to its timing of the motorboat and its structure, which allocates a ample information of the proviso to Trump-affiliated insiders.
Democratic lawmakers, including Sen. Elizabeth Warren and Sen. Richard Blumenthal, person argued that Trump’s crypto effort is eroding ethical norms. They’ve introduced bills to artifact nationalist officials from launching oregon endorsing integer assets.
The White House responded to the scrutiny by downplaying it, rejecting allegations of conflicts of involvement and framing the disapproval arsenic partisan disruption.
Trump’s memecoin, it’s worthy noting, saw a large terms emergence over the event’s announcement. The meal falls connected Bitcoin Pizza Day, which commemorates 1 of the earliest bitcoin BTC transactions.
TRUMP is trading astatine $14.40, up 8.3% successful the past 24 hours.
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