Tron founder Justin Sun said he’s the top holder of the TRUMP memecoin, entitling him to attend a private dinner and a VIP reception with U.S. President Donald Trump this week.

A Solana address apparently associated with Sun holds roughly $21.9 million worth of the TRUMP coin, placing him at the top of the leaderboard in a sweepstakes that rewards the biggest token holders with access to Trump at a golf club near Washington, D.C. The leaderboard appears on a website publicized by Trump on his X account.

Sun is also a backer of World Liberty Financial, the decentralized finance project backed by the Trump family, having invested invested $75 million. The project’s co-founder, Zak Folkman, has credited the Chinese-born crypto billionaire for its success.

The TRUMP token debuted just days before the president’s inauguration in January and was met with criticism from across the crypto industry and elsewhere. Critics pointed to its timing of the launch and its structure, which allocates a large portion of the supply to Trump-affiliated insiders.

Democratic lawmakers, including Sen. Elizabeth Warren and Sen. Richard Blumenthal, have argued that Trump’s crypto effort is eroding ethical norms. They’ve introduced bills to block public officials from launching or endorsing digital assets.

The White House responded to the scrutiny by downplaying it, rejecting allegations of conflicts of interest and framing the criticism as partisan disruption.

Trump’s memecoin, it’s worth noting, saw a major price rise over the event’s announcement. The dinner falls on Bitcoin Pizza Day, which commemorates one of the earliest bitcoin BTC transactions.

TRUMP is trading at $14.40, up 8.3% in the last 24 hours.

Crypto exchange Crypto.com said it bought AN Allnew Investments to gain a license allowing it to offer derivatives across the European Economic Area (EEA).

The Markets in Financial Instruments Directive (MiFID) license was issued to Allnew by the Cyprus Securities and Exchange Commission (CySEC), the exchange said in a website posting. It grants the exchange the right to offer a range of financial products in the 27 nations of the European Union alongside Iceland, Liechtenstein and Norway.

This acquisition bolsters Crypto.com’s presence in Europe. The exchange secured a Markets in Crypto Assets (MiCA) license in January so it could offer crypto custody and exchange services across the EEA. The company declined to say how much it paid for Allnews.

Crypto exchanges have been moving into derivatives to unlock new sources of profit. The company joins rivals including Gemini and Kraken in gaining MiFID licenses to offer derivatives in Europe. Kraken’s license was also obtained through acquisition of the holder. Earlier this month, Coinbase spent $2.9 billion to buy options platform Deribit to strengthen its position in the U.S. derivatives market.

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 3206.01, up 1.3% (+41.12) since 4 p.m. ET on Tuesday.

Nineteen of 20 assets are trading higher.

Leaders: UNI (+7.2%) and AVAX (+3.5%).
Laggards: AAVE (-1.6%) and BTC (+0.2%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.