he is grifting $148m off his meme coin dinner tonight
Posted on: May 22, 2025 at 15:01:17 CT
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Among those who will be in attendance is China-born crypto entrepreneur Justin Sun, who won first place in the dinner contest with his $18.5 million wallet, and who is also the largest publicly known investor and an adviser to World Liberty Financial, the Trump family's crypto platform, which has made them hundreds of millions of dollars.
On Wednesday, Sun posted a video of himself visiting the Executive Office Building, next to the White House. The U.S. Securities and Exchange Commission recently paused its 2023 fraud case against Sun, citing public interest.
Sun declined to comment but posted on X that he is "grateful for the invitation." The SEC declined to comment.
In total, investors spent an estimated $148 million on the $TRUMP meme coin to secure their seats at the dinner, with the top-25 holders spending more than $111 million, according to crypto intelligence firm Inca Digital.