Justin Sun-Linked Wallet Leading Access to Trump Dinner Tagged as Belonging to HTX
Justin Sun, founder of the Tron blockchain, is the top holder of the TRUMP memecoin, securing a private dinner and VIP reception with former U.S. President Donald Trump. A Solana wallet address, identified by blockchain explorers Arkham Intelligence and SolanaFM as belonging to the Sun-linked crypto exchange HTX (formerly Huobi), holds approximately $23.3 million worth of TRUMP tokens. This wallet is prominently featured at the top of the event’s leaderboard, publicized by Trump himself on X.
The connection between Sun and HTX is noteworthy. While Sun denied involvement in the October 2022 acquisition of Huobi by Hong Kong’s About Capital, he later joined the exchange’s global advisory board and was subsequently identified as its leader in a 2023 blog post. The rebranding to HTX, incorporating Huobi, Tron, and “exchange,” further solidified this association. The exchange’s stated commitment to TRON adds another layer to this interconnectedness.
Sun’s involvement extends to a $75 million investment in World Liberty Financial tokens, a decentralized finance initiative linked to the Trump family. This investment underscores the complex relationship between Sun, the Trump ecosystem, and the cryptocurrency world.
This situation unfolds against the backdrop of a past SEC lawsuit against Sun, alleging market manipulation and celebrity endorsements for his projects. Interestingly, this lawsuit has been temporarily paused under the current SEC leadership, while exploring a potential resolution. This contrasts with the Biden administration’s more assertive regulatory stance on crypto firms, including the dismissal of several lawsuits against prominent players like Coinbase, Kraken, and Uniswap.
The TRUMP memecoin itself launched shortly before Trump’s inauguration, sparking criticism regarding its timing and allocation to insiders. Currently trading at $14.64, representing an 11% increase in the last 24 hours, the token continues to attract attention within the crypto community and beyond. The convergence of politics, cryptocurrency, and high-profile figures like Sun and Trump makes this a significant event in the evolving landscape of digital assets.
