It’s 2025, and few things in crypto can still surprise the public. So the revelation that Justin Sun is the largest holder of the TRUMP memecoin is viewed less as a shock and more as a symptom of the times — specifically, Trump’s second term in office.

According to GetTrumpMemes, Sun holds over 1.4 million TRUMP tokens, currently worth around $18.6 million. This top position earned him VIP access to a presidential crypto gala dinner — an event organized to honor the leading token holders.

The development comes amid the temporary suspension of a civil fraud case by the U.S. SEC against Sun. The halt was announced shortly after he invested millions into World Liberty Financial’s WLFI token, a project closely affiliated with Trump’s circle.

On social media platform X (formerly Twitter), Sun expressed excitement, calling it “an honor to support the President of the United States” and thanked the organizers for the invitation.

However, watchdog organization Accountable.US raised serious concerns. Executive Director Tony Carrk labeled the situation as “corruption in real time,” citing potential avenues for foreign or corporate influence over U.S. leadership.

Carrk warned that the convergence of crypto token launches, private investments, and political access creates a highly opaque and ethically questionable structure.

Meanwhile, SEC Chairman Paul Atkins was pressed during a House Appropriations Committee hearing. Lawmakers such as Congressman Glenn Ivey criticized the TRUMP token launches and the ongoing involvement of Justin Sun, especially with an unresolved SEC case in the background. Atkins responded by stating that memecoins are considered “digital collectibles,” and pledged that the SEC will prioritize guidance over enforcement.

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