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TRON founder Justin Sun has secured the top position on the TRUMP Leaderboard with holdings of $14.32 million worth of meme coins. This achievement follows his wallet registration for an exclusive VIP dinner tied to the presidential meme coin project.

The $TRUMP Leaderboard: Tracking Top Holders

The presidential meme coin project has officially launched the $TRUMP Leaderboard, a real-time tracker displaying the top 20 to 40 token holders. As of April 25, a cold storage wallet under the username SUN, reportedly linked to Justin Sun, holds the largest amount of these tokens. The wallet contains 1,176,803 tokens, valued at approximately $14.32 million based on current market prices.

Justin Sun, the founder of TRON, has been an active supporter of cryptocurrency initiatives tied to the Trump administration. Notably, in November 2024, he joined the Trump-backed crypto project, World Liberty Financial, as an advisor.

Other Top Wallets on the Leaderboard

Following Justin Sun, the second-ranked wallet is registered under the username CASE, managed by Wintermute. This wallet holds approximately 400,005 tokens, worth around $5.18 million. In third place is a wallet named MeCo, associated with MemeCore, holding 655,166 tokens valued at about $8.5 million.

Although MeCo holds more tokens than CASE, it ranks lower due to the leaderboard’s metric, Time Weighted $TRUMP Holdings. This metric calculates rankings based on the amount of tokens held and the duration of holding. Longer holding periods result in higher rankings, encouraging holders to maintain their positions over time.

Market Reaction to Exclusive Dinner Announcement

The announcement of an exclusive VIP dinner with former President Donald Trump for the top 220 token holders caused a significant market reaction. On April 23, the project’s development team revealed this incentive, sparking a surge in token demand. Within hours, the meme coin’s price skyrocketed by up to 70%, as traders rushed to acquire more tokens for a chance to attend the event.

Blockchain analytics platform Nansen reported a sharp increase in token holdings among the top 100 $TRUMP holders. On April 24, these holders collectively added approximately 940,000 tokens to their balances within just one hour, increasing their total holdings from 975.36 million to 976.30 million tokens.

“The top 100 $TRUMP holders increased their balance by ~940K tokens in one hour following the dinner announcement.”

Current Market Performance

At the time of reporting, the $TRUMP meme coin is trading at $12.96 per token, a 7.5% increase from earlier levels. However, the price has slightly retracted from its recent high of $16.03, recorded on the day of the dinner announcement. Over the past week, the Solana-based token has experienced a remarkable 70% price increase, reflecting heightened interest and trading activity.

Key Takeaways for Investors

  • The $TRUMP Leaderboard incentivizes long-term holding through a time-weighted ranking system.
  • Justin Sun’s involvement underscores institutional interest in high-profile meme coin projects.
  • Exclusive events, such as the VIP dinner, can significantly influence token prices and trading volumes.
  • Investors should monitor market trends and evaluate potential risks before entering such volatile markets.

Stay updated with the latest trends and developments in the cryptocurrency world by following Global Crypto News.

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