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In a repeat of 2025, top holders of US President Donald Trump’s memecoin, Official Trump (TRUMP), will gather for a private event that many critics have described as selling access to the presidency.
On Saturday, Trump and up to 297 of his memecoin holders will meet at the president’s Mar-a-Lago property in Florida. According to the project behind the memecoin, attendees will include stablecoin issuer Tether CEO Paolo Ardoino, cryptocurrency exchange Upbit founder and CEO ChiHyung Song, Bitcoin (BTC) advocate Anthony Pompliano, Anchorage Digital co-founder and CEO Nathan McCauley and many others associated with financial institutions, crypto and blockchain.
Source: GetTrumpMemes.com
Notably, however, there was no public statement confirming the appearance of Tron founder Justin Sun, a prominent supporter of the president, an investor in the Trump family crypto business World Liberty Financial, and the TRUMP holder at the top of the memecoin project’s leaderboard, with 2.4 billion points.
Cointelegraph reached out to a spokesperson for Sun regarding his potential appearance at the luncheon, but did not receive an immediate response.
Sun made headlines this week after announcing a lawsuit against World Liberty, alleging that the crypto platform co-founded by Trump’s sons froze his tokens and threatened to burn them “without any proper justification.”
The Tron founder publicly stated that he was an “ardent supporter” of Trump, but “certain individuals on the World Liberty project team have been operating the project in a manner that goes against President Trump’s values.”
Related: Trump offers memecoin holders another gala to boost token from lows
“The only thing more ridiculous than this lawsuit is spending $6 million on a banana duct-taped to a wall,” said World Liberty co-founder Eric Trump, referring to Sun’s November 2024 purchase of a piece of art called the Comedian, which the Tron founder then ate.
Sun attended a similar May 2025 dinner for TRUMP memecoin holders, along with Synthetix founder Kain Warwick, Kronos Research chief investment officer Vincent Liu and others. Crypto user Morten Christensen attended last year’s dinner for a $1,200 investment in the memecoin and reportedly won a seat for Saturday’s event for about $500.
“Trump is much less liked right now than he was after inauguration,” said Christensen, according to a Bloomberg report. Now with the whole year of tariffs, crypto is bleeding, his reputation within the crypto community is not as good.”
Second memecoin event raises eyebrows among lawmakers, interest groups
The Saturday luncheon has drawn criticism from many lawmakers, who said that Trump was “dang[ling] access” to the presidency, as well as organizations monitoring potential conflicts of interest.
“Crypto wallets associated with [TRUMP] have engaged in financial maneuvers that make it difficult or impossible to track how much Trump may be profiting from the burst in trading,” said the nonprofit Citizens for Responsibility and Ethics in Washington in a Friday BlueSky post. “But what we do know is that despite the value of Trump’s coin decreasing since its first release, he can still make an enormous profit just by collecting small fees on each trade. The more people buy and sell, the more money Trump can make.”
Since its launch just days before Trump was sworn into office in January 2025, the price of the TRUMP token has fallen more than 93% from its all-time high of about $45 to under $3 at the time of publication.
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