For a meal with Trump, a Chinese billionaire in his 90s spends millions
According to a report by World Journal, China's billionaire Sun Yuanchen (Justin Sun) has once again become the focus of attention. He spent $17.9 million just to attend President Trump's supporter dinner on the 22nd. This young Chinese entrepreneur, born in the 1990s and founder of the加密currency company TRON (TRON), previously acquired BitTorrent, headquartered in California, for approximately $140 million.
According to comprehensive reports from multiple media outlets, the guest list for Trump's "meme coin" dinner on the 22nd is gradually being revealed. To secure a seat at the dinner, global加密currency investors spent about $148 million, with the largest amount held by Sun Yuanchen. Although most of the selected diners remain anonymous, concealed behind blockchain pseudonyms, one wallet labeled as "SUN" tops the holding list, containing approximately $17.9 million worth of Trump coins. The owner of this wallet is none other than Sun Yuanchen.
Sun Yuanchen posted videos continuously on X on the 18th, showing him boarding a flight to Los Angeles and taking photos in front of landmarks such as the Hollywood sign. Sun Yuanchen stated on X that he was delighted to return to the United States and that the upcoming week would be exciting, with big things coming soon.
Born in 1990, Sun Yuanchen holds a Bachelor’s degree in History from Peking University and a Master’s degree in East Asian Studies from the University of Pennsylvania. He is truly a "celebrity in the加密currency world." In 2017, he founded TRON and simultaneously launched the TRX加密currency; in 2018, he acquired BitTorrent in California, renamed it Rainberry, and launched the BTT加密currency. Additionally, he is a key figure in the加密currency exchange Poloniex and HTX (formerly Huobi).
Sun Yuanchen was described by Forbes as "young, controversial, and immensely wealthy," and is known in the blockchain industry for his bold and disruptive style. His high-profile actions have always been newsworthy. He once spent $6.2 million to purchase a banana artwork and publicly consumed it. Sun Yuanchen's blockchain platform TRON has also faced scrutiny. A recent report from加密currency analysis company TRM Labs shows that in 2024, TRON accounted for 58% of illegal activities in the加密currency world, a number that has since decreased. Despite these controversies, Sun Yuanchen's strength in the加密currency market allowed him to successfully enter Trump's meme coin dinner, making him a focal point once again.
It is reported that the invited guests for the dinner on the 22nd are the top 220 investors who hold sufficient "Trump coins" ($TRUMP), with the top 25 eligible for the VIP reception. Besides Sun Yuanchen, another important guest at the dinner is an anonymous co-founder of Singapore-based加密currency company MemeCore. MemeCore holds $17.5 million worth of "Trump coins," making them the second-largest holder in this competitive dinner event.
Source: https://www.toutiao.com/article/1832718657156104/
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