A memecoin-themed event hosted by US President Donald Trump at his Mar-a-Lago club in Florida has made headlines due to a noteworthy development.
Crypto entrepreneur Justin Sun, who was expected to be one of the event’s biggest attendees, did not make the appearance.
According to sources who attended the event, Sun’s absence, particularly given his position as one of the largest investors in the TRUMP token, was considered a surprise. Sun had played an active role and made a notable appearance at a similar event last year. However, the situation changed this year.
Behind this development lies a notable legal process. It has been revealed that Justin Sun recently filed a lawsuit against the Trump family’s cryptocurrency startup, World Liberty. This indicates significant tension between the parties, and another noteworthy detail is that Sun’s previous fraud case with US regulators was settled last month.
On the other hand, behind-the-scenes information regarding the event revealed some details about the organization’s structure. It was noted that a significant portion of the attendees came from Asia, and that a large part of the approximately 200-person invited group expected to have one-on-one meetings with Donald Trump. However, it was stated that only the holders of the 29 largest tokens would be able to closely observe the president’s speech.
*This is not investment advice.