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  • The individual known as "SUN," recognized by regulators and law enforcement, secured a spot at a crypto-themed gala dinner with President Trump in January 2025 by purchasing the largest amount of $TRUMP meme coins.
  • Sun's win follows his $30 million purchase of crypto tokens from World Liberty Financial, a Trump-backed venture that funnels 75% of token sales proceeds to the Trump family as fees.
  • Sun faces a 2023 SEC lawsuit for market manipulation and offering unregistered securities, though the suit is paused as the Trump administration eases crypto enforcement under Trump-appointed SEC leadership.
  • The $TRUMP coin launched in January 2025 showed volatile prices, peaking near $75 before falling below $8, with buyers spending over $140 million hoping to attend the event, raising corruption and constitutional concerns.
  • The dinner at Trump's D.C.-area club for the top 220 $TRUMP holders and the Trump family's crypto ties have attracted watchdog and lawmaker criticism, while the White House denies conflicts of interest.
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CryptoPanic broke the news in on Monday, May 19, 2025.
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