Justin Sun, the renowned Tron founder, has confirmed his attendance at the Gala Dinner hosted by Donald Trump, an exclusive event for the top 220 holders of the memecoin $TRUMP. As a top holder, Sun is gearing up to discuss the future of crypto at this highly anticipated soirée. What does this event signify for the memecoin $TRUMP and its price?
The cryptocurrency world is buzzing: Justin Sun, the billionaire behind Tron, announced on X his participation in Donald Trump’s Gala Dinner, scheduled for May 22, 2025.
As the largest holder of the memecoin $TRUMP, Sun sees this event as a unique opportunity to connect the spheres of crypto and politics. This article explores the details of this exclusive evening, the reasons behind Trump’s initiative, and the potential impacts on the memecoin $TRUMP.
On this occasion, Justin Sun, known for founding Tron (TRX) and his massive investments in the crypto sector, shared his joy on X on May 20, 2025:
“Honored to support the POTUS and grateful for the invitation of the memecoin TRUMP to attend Trump’s Gala Dinner as his biggest fan!”
As the top holder of the memecoin $TRUMP, with an estimated position of over 1.17 million tokens (approximately $14.32 million in April 2025 according to Lookonchain), Sun is a key player in this event.
His participation is not surprising: Sun is also a major investor and advisor to World Liberty Financial, a DeFi platform supported by the Trump family.
This connection reinforces his role in the crypto ecosystem related to Trump. During this dinner, he plans to discuss the future of the crypto industry, a hot topic as the United States explores new regulations under the Trump administration. But beyond the discussions, this event is also a showcase for Sun, who could strengthen his influence in political and financial circles.
The Gala Dinner will take place on May 22, 2025 at the Trump National Golf Club in Virginia, near Washington D.C. Announced by @GetTrumpMemes on X on May 19, 2025, this event is reserved for the top 220 holders of the memecoin $TRUMP, based on a ranking of their “time-weighted holdings”. The top 25 holders will also be entitled to an ultra-exclusive VIP reception with Trump himself, according to The Guardian.
But why is Trump organizing such an event? Since his return to the White House, Trump has shown a keen interest in crypto, launching the memecoin $TRUMP just before his inauguration in January 2025. This event seems to be a strategy to bring the crypto community closer to his administration while bolstering his family’s image in the sector. According to Reuters, participants have spent about $148 million to qualify, a sum that reflects the allure of direct access to the president.
For holders, the benefits are clear: besides mingling with Trump, they gain unprecedented visibility and networking opportunities. However, critics, including Democrats and ethicists, point to the risk of corruption and foreign influence as some wallets among the top holders are linked to foreign entities, as reported by Bloomberg.
The announcement of this event has already stirred the memecoin $TRUMP market. According to Benzinga, the token, which peaked at $75 after its launch, dropped to $12.45 on May 13, 2025, marking an 83.63% decline from its peak. However, the increased visibility from the dinner could reignite investors’ interest.
Accounts like @TodayCryptoRj speculate on X that a major announcement during the dinner could boost the price of $TRUMP, and even $TRX, Tron’s token. “What if something is revealed that sends $TRX to new highs?” ponders the user. This sentiment is shared by @wiseadvicesumit, who sees this event as an opportunity for $TRUMP to aim for a new All-Time High (ATH).
However, risks remain: the memecoin has already lost $3.9 billion for 592,962 wallets since its launch, according to Inca Digital. Moreover, controversies surrounding the event, including accusations of foreign influence, could dampen the bullish momentum. For now, investors are closely monitoring potential announcements from this dinner that could redefine the dynamics between crypto and political power.
Technically, TRUMP has a Point of Control (POC) at $12.7 in 12H and $13 in 4H. The POC signifies a strong battleground between buyers and sellers, a liquidity zone.
This could indicate a silent and massive accumulation by the whales. POCs serve as both support or resistance. According to MRV, TRUMP could target up to $25 if it clears the resistances at $16 and $18. Representing a potential 89% increase. Additionally, the Woodies CCI just turned positive in 12H. A precursor sign of accumulation and an upcoming rise.
TRUMP could even reach between $25 and $35 if market conditions permit and investors do not aggressively take profits, which could hinder its ascent. For support, TRUMP must maintain $12.
In conclusion, Trump’s Gala Dinner, with Justin Sun in the spotlight, is more than just a meal: it symbolizes the growing intersection between cryptocurrency and politics. And it could also be a real boost for the memecoin $TRUMP.
As the May 22, 2025 event approaches, all eyes are on Washington D.C. to see if this event will mark a turning point for $TRUMP and the crypto industry as a whole.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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