Major memecoin investors scheduled to join Trump luncheon
The President of the United States has verified his participation in the Florida gathering, though questions remain about whether Justin Sun, the Tron founder currently litigating against the Trump family's cryptocurrency venture, will make an appearance.
Mirroring an earlier 2025 occurrence, leading stakeholders in US President Donald Trump's memecoin project, Official Trump (TRUMP), are set to convene for an exclusive gathering that numerous detractors have characterized as commodifying presidential access.
This Saturday will see Trump meeting with as many as 297 individuals holding his memecoin at the president's Mar-a-Lago estate located in Florida. The team managing the memecoin project has indicated that the guest list encompasses stablecoin provider Tether's CEO Paolo Ardoino, ChiHyung Song who founded and leads cryptocurrency exchange Upbit, Bitcoin (BTC) proponent Anthony Pompliano, Nathan McCauley serving as Anchorage Digital's co-founder and CEO, along with numerous other participants connected to financial services organizations, cryptocurrency platforms and blockchain technology.
Significantly though, no official announcement has been made verifying whether Justin Sun, the Tron blockchain founder, will be present. Sun has been a vocal backer of the president, participated as an investor in World Liberty Financial—the Trump family's crypto enterprise—and currently holds the leading position on the memecoin project's leaderboard, having accumulated 2.4 billion points.
A request for comment was sent by Cointelegraph to a representative for Sun concerning his possible attendance at the luncheon event, though no prompt reply was forthcoming.
The Tron founder captured media attention earlier this week following his announcement of legal proceedings against World Liberty, claiming that the cryptocurrency platform established by Trump's sons had frozen his token holdings and issued threats to destroy them "without any proper justification."
In public remarks, the Tron founder characterized himself as an "ardent supporter" of Trump, while asserting that "certain individuals on the World Liberty project team have been operating the project in a manner that goes against President Trump's values."
"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, alluding to Sun's November 2024 acquisition of an artwork titled the Comedian, which the Tron founder subsequently consumed.
A comparable May 2025 dinner event for TRUMP memecoin stakeholders saw Sun in attendance, joined by Kain Warwick who founded Synthetix, Vincent Liu serving as chief investment officer at Kronos Research, and additional participants. A cryptocurrency participant named Morten Christensen secured entry to last year's dinner with a $1,200 memecoin investment and purportedly obtained admission to Saturday's gathering for approximately $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."
Follow-up memecoin gathering sparks concern from legislators and advocacy organizations
Saturday's scheduled luncheon has attracted condemnation from multiple members of Congress, who have alleged that Trump is "dang[ling] access" to the presidency, alongside organizations dedicated to tracking 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."
Following its introduction mere days prior to Trump taking the presidential oath in January 2025, the TRUMP token's market value has plummeted over 93% from its peak price of approximately $45 to below $3 as of publication time.