Cryptocurrency billionaire Justin Sun, founder of
Tron, has reportedly become the largest holder of
$TRUMP meme coins, with controversies following. Sun committed to purchasing additional $100 million in TRUMP memecoins, which earned him a seat at a $148 million dinner with the former president. However, on the flip side, Sun’s involvement with TRUMP's cryptocurrency project has raised eyebrows amidst allegations of fraud and legal issues. After the meme coin dinner, Justin Sun celebrated it as a ‘strong signal’ to the industry. Nevertheless, several industry insiders expressed fear that the former president could potentially be prioritizing personal profits over sector growth. Sun's journey to his current position, from being a pariah to a moneyman in Trump's circle, hasn't been without controversies. His Wall Street journey began with Blue Origin's space flight that led to cosmic plans for Tron. This move significantly boosted Tron's price, even outpacing Ethereum at a point, leading to speculations of Tron going public in the U.S. However, it hasn't been smooth sailing for Justin Sun either, catching attention for the wrong reasons too.
Coinbase has been reported to delist wBTC, citing Justin Sun posed 'Unacceptable Risk'. Allegations of Sun's involvement in market manipulation with
Onyxcoin (XCN) have also surfaced.
World Liberty Financial (WLFI), linkled to TRUMP's coin, faced an exchange of fires with Justin Sun over frozen WLFI Tokens. Amid all this, Sun’s TRUMP token acquisition was followed by the surprising news of civil fraud charges being exempted.The reports cover a wide array of speculations, accusations, and achievements involving Justin Sun, offering an insightful perspective of the cryptocurrency mogul's trajectory within the industry.Coincidentally,
Sun coin’s price has seen an impressive increase of 50%, following a major announcement from the Tron Founder.
SUN Coin News Analytics from Mon, 21 Jun 2021 04:38:05 GMT to Wed, 22 Oct 2025 22:20:24 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor 2
