In a repeat of 2025, major holders of US President Donald Trump’s memecoin, Official Trump (ASSET), will gather for a private event that many critics have described as a sellout of access to the presidency.
On Saturday, Trump and up to 297 of his memecoin holders will gather at the president’s Mar-a-Lago estate in Florida. According to the project behind the memecoin, participants will include Paolo Ardoino, CEO of stablecoin issuer Tether, founder and CEO of cryptocurrency exchange Upbit ChiHyung Song, Bitcoin (BTC) attorney Anthony Pompliano, Anchorage Digital co-founder and CEO Nathan McCauley and many others associated with financial institutions, crypto and blockchain.
Source: GetTrumpMemes.com
It should be noted, however, that no public statement has confirmed the appearance of Tron founder Justin Sun, a prominent supporter of the president, an investor in the Trump family’s crypto business World Liberty Financial, and the TRUMP holder at the top of the memecoin project leaderboard, with 2.4 billion points.
Cointelegraph contacted a Sun spokesperson about his potential appearance at the luncheon, but did not receive an immediate response.
Sun made headlines this week after announce a trial against World Liberty, alleging that the crypto platform co-founded by Trump’s sons froze its tokens and threatened to burn them “without any proper justification.”
The Tron founder has publicly stated that he is a “strong supporter” of Trump, but “some people on the World Liberty project team have managed the project in a way that goes against President Trump’s values.”
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“The only thing more ridiculous than this lawsuit is spending $6 million on a banana taped to the wall.” said Eric Trump, co-founder of World Liberty, is referring to Sun’s November 2024 purchase of a work of art called the Comedian, which the Tron founder then ate.
Sun attended a similar dinner in May 2025 for TRUMP memecoin holders, alongside 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 memecoin and reportedly won a spot at Saturday’s event for around $500.
“Trump is much less appreciated right now than he was after his inauguration” said Christensen, according to a Bloomberg report. Now with all year of tariffs crypto is bleeding, its reputation within the crypto community is not as good.
Second memecoin event raises eyebrows among lawmakers and interest groups
Saturday lunch sparked criticism from many lawmakersWho said Trump was “fucking[ling] access” to the presidency, as well as organizations monitoring potential conflicts of interest.
“Crypto wallets associated with [TRUMP] engaged in financial maneuvers that make it difficult, if not impossible, to track the benefits that Trump might reap from the trade boom,” said the nonprofit Citizens for Responsibility and Ethics in Washington in a Friday article on BlueSky. “But what we do know is that even though the value of Trump’s coin has declined since it was first released, he can still make huge profits just by collecting small fees on each transaction. The more people buy and sell, the more money Trump can make.”
Since its launch just days before Trump’s inauguration in January 2025, the price of the TRUMP token has fallen more than 93% from its all-time high of around $45 to less than $3 at press time.
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