• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Scandal over Memecoins: ‘Sun’ and His $14 Million in TRUMP

Scandal over Memecoins: ‘Sun’ and His $14 Million in TRUMP

user avatar

by Giorgi Kostiuk

9 months ago

The political memecoin landscape is buzzing with discussions centered around TRUMP, linked to Donald Trump.

Who is ‘Sun’ and Their $14M TRUMP Memecoin Holding?

According to an official statement from the TRUMP memecoin project on Twitter, the top token holder known as 'Sun' possesses $14 million worth of assets. This makes them the largest individual investor in the project. There are speculations in the community suggesting that 'Sun' could potentially be Justin Sun, founder of the Tron blockchain. However, this connection remains unverified.

Why are Memecoins Gaining Popularity?

Memecoins such as TRUMP tend to fluctuate in price based on the popularity of political figures and relevant events. Donald Trump's notable moments can significantly impact the token's prices and community engagement.

Risks of Investing in Memecoins

It is crucial to understand that investing in memecoins carries several risks: * Volatility: Memecoins are often highly volatile. * Lack of Utility: Many memecoins do not have real-world applications. * Potential for Manipulation: Major holders can greatly influence the market. * Scam Risk: The memecoin space is vulnerable to pump-and-dump schemes.

The situation with the large TRUMP holder sparks interest and discussion, highlighting the risks and nuances of investment decisions in memecoins.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Nvidia's Sales Strategy Amidst China Tensions

chest

Nvidia faces challenges in its sales strategy due to export restrictions and rising tensions with China.

user avatarZainab Kamara

Pudgy Penguins Team Makes Major Deposit into Binance

chest

Pudgy Penguins team made a significant deposit of 402 million PENGU into Binance, potentially impacting the market.

user avatarSon Min-ho

CZ highlights the significance of AI in the progress of cryptocurrency.

chest

CZ highlights the transformative effects of AI on crypto development, noting that it accelerates coding and product timelines significantly.

user avatarTando Nkube

Bee Network Encounters Issues with Transparency and Governance.

chest

Bee Network is facing transparency and governance concerns due to its anonymous core team and lack of detailed information about its leadership, leading to user skepticism regarding data collection practices.

user avatarAyman Ben Youssef

HBAR's Technological Edge and Institutional Partnerships Drive Adoption

chest

HBAR's unique technology and institutional partnerships position it for growth in enterprise applications.

user avatarKofi Adjeman

BNB Chain Shows Impressive Weekly Performance Metrics.

chest

BNB Chain has released its weekly data snapshot covering January 1 to January 7, 2026, showcasing impressive metrics.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.