- President Donald Trump feted the top holders of his $Trump token on Thursday night.
- Justin Sun, the top holder of the coin, said he was presented with a $100,000 Trump-branded watch.
- A billionaire, Sun previously ran into legal troubles related to his other holdings.
Crypto billionaire Justin Sun said he received a $100,000 Trump-branded watch at President Donald Trump's meme coin dinner at at the Trump National Golf Club golf club outside of Washington DC on Thursday. The top 220 holders of the token were to invited to the event.
Photos and video of the event show Sun posing with his fellow attendees. He signed a print-out of a leaderboard showing he was first among the top 220 Trump coin holders.
Sun said he was gifted a Trump Tourbillion watch, which retails for $100,000, another of the president's private business interests that remain ongoing during his second term. The top 25 holders were treated to a more intimate reception with Trump.
"I really appreciate, like, everything the Trump administration has done to our industry," Sun said in a video that he reposted on X. "As the president said right before, so like, basically, like, 100 days ago, like, they go after crypto people like everywhere. That's impossible for us to have such beautiful events in DC."
In a separate post, Sun shared a video showing him walking into the Eisenhower Executive Office Building, where top White House officials work. The White House did not respond to a question about whom Sun met with.
In 2023, the Securities and Exchange Commission charged Sun with fraud, accusing him of manipulating the market for Tronix or TRX crypto. In February, after Trump took office, the SEC paused its investigation.
Sun, who Forbes estimates is worth $8.5 billion, has other ties to the Trumpworld. Before buying the meme coin, he invested $75 million in World Liberty Financial, a crypto projected connected to the president and his sons.
The White House previously said that it had nothing to do with the event. The dinner was held at Trump's private golf club outside of Washington, where he spoke from behind presidential podiums.
Trump stands to make millions off of the coin. According to the $Trump coin website, the Trump Organization and affiliated entities control 80% of the meme coin. First Lady Melania Trump has her own coin, too.
Sun has spent millions to participate in other headline-grabbing events. He shelled out $4.6 million to have lunch with Warren Buffett, $6.2 million to eat a duct-taped banana, and a staggering $28 million to fly on Jeff Bezos' Blue Origin (though Sun has yet to blast off).
Representatives for the Trump Organization and Sun did not immediately respond to Business Insider's request for comment.
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