Justin Sun’s $18M TRUMP Meme Coin Holdings and Tron (TRX) Market Outlook
Tron founder Justin Sun has been identified as the holder of $18 million worth of TRUMP meme coins, as revealed ahead of a high-profile gala dinner hosted by former President Donald Trump. The event, set to take place at Trump National Golf Club, will bring together the top 220 TRUMP investors, with Sun expressing his honor and gratitude for the invitation. This development highlights the growing intersection of cryptocurrency and political influence, with Sun positioning himself as a major player in both spheres. Meanwhile, the current price of TRX stands at 0.26850000 USDT, reflecting the ongoing dynamics in the crypto market. This article delves into the implications of Sun’s holdings and the potential impact on Tron’s future trajectory.
Justin Sun Holds $18M in TRUMP Meme Coins Ahead of Trump Gala Dinner
Tron founder Justin Sun has been revealed as the holder of $18 million worth of TRUMP meme coins. The Chinese-born crypto mogul confirmed ownership of the wallet ahead of a controversial gala dinner hosted at Trump National Golf Club, where the top 220 TRUMP investors will dine with former President Donald Trump.
"Honored to support @POTUS and grateful for the invitation," Sun tweeted, positioning himself as both a major TRUMP holder and crypto industry representative. The event underscores the growing intersection between cryptocurrency and political fundraising.
Tron Surpasses Ethereum in USDT Transfer Volume, Cementing Stablecoin Dominance
Tron has eclipsed ethereum as the leading network for USDT transactions, processing $23.4 billion in daily transfer volume alongside 2.4 million transactions. The blockchain’s cost efficiency and scalability have propelled it ahead in the stablecoin payments race, with TRX gaining over 10% in May as adoption grows.
While solana maintains higher overall network revenue, Tron’s surge highlights a broader shift toward high-throughput, low-fee stablecoin infrastructure. CryptoQuant data confirms Tron’s emergence as the premier USDT settlement layer, signaling potential long-term reordering of blockchain payment hierarchies.
SUN Holds Firm as TRON’s Second-Largest Protocol by TVL, Nearing JustLend
SUN, TRON’s decentralized swap and yield farming platform, continues to dominate as the blockchain’s second-largest protocol by total value locked (TVL), with $985 million in assets. Only lending behemoth JustLend commands a larger share of TRON’s liquidity.
The platform’s steady 14-day TVL growth of $38 million underscores sustained user engagement. CryptoQuant attributes this momentum to robust confidence in SUN’s liquidity pools and incentive structures. Newer iterations like SunSwap 2 and SunSwap 3 are now outperforming the original version in trading volume.
SEC’s Atkins Acknowledges Justin Sun’s ‘Active Case’ Amid Trump Memecoin Event Scrutiny
SEC Commissioner Caroline Atkins confirmed an ongoing investigation into Justin Sun during a House Appropriations Committee hearing. Lawmakers pressed Atkins on the SEC’s decision to pause its fraud case against Sun and his affiliated companies, including TRON, following Sun’s $30 million token purchase from World Liberty Financial (WLFI). The timing raises questions as Sun prepares to attend a high-profile Gala for Trump-linked memecoins.
The hearing underscored regulatory tensions as crypto entrepreneurs like SUN navigate legal gray areas. TRON’s involvement with politically adjacent digital assets adds complexity, particularly with the SEC’s enforcement priorities under scrutiny. The paused case against Sun remains a focal point for legislators seeking clarity on crypto oversight.
