Mahdi 🎩
@fotuhi
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On the morning of May 23, 2025, a lavish dinner hosted by President Donald Trump for top holders of the TRUMP token concluded at the White House. During the event, Trump reportedly shared his vision for the future of cryptocurrency, pledging to make the U.S. the “crypto capital of the world.” However, the event sparked a wave of intense political criticism, raising concerns about the risk of “buying power” through memecoins.
Among the guests, Justin Sun—the founder of TRON—claimed to own the largest TRUMP wallet. Blockchain data showed this wallet is linked to HTX, a foreign-based exchange, raising national security concerns and the influence of external forces on U.S. politics. Questions about the transparency of political funding grew more serious.
Despite the controversy, the TRUMP token price rose 10% ahead of the event, reaching a peak of $15.8 before stabilizing at $14.5—the highest in the past month. 2 replies
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From 2022 to 2024, Tron led Ethereum in USDT circulation—and now, it’s on track to reclaim that position.
On May 5, leading stablecoin issuer Tether minted another $1 billion worth of USDT on the Tron network, according to data from Arkham Intelligence. This latest issuance brings the total USDT circulating on Tron to $71.4 billion, based on Tether’s transparency report.
Meanwhile, Ethereum currently hosts $72.8 billion in circulating USDT—just $1.4 billion more than Tron. If this trend continues, Tron is poised to overtake Ethereum once again as the top network for the world’s largest stablecoin, a title it held from July 2022 to November 2024. Previously, an $18 billion mint on Ethereum allowed it to regain the lead, according to CryptoQuant.
Solana ranks third, with $1.9 billion USDT in circulation. Smaller amounts of USDT also exist on Ton, Avalanche, Aptos, Near, Celo, and Cosmos. 1 reply
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