Justin Linculada to the Sun wallet leads Trump’s dinner labeled as belonging to HTX

The Directorate of the Solana wallet accredited for making Justin Sun the head of the Trump Memecoin for a private dinner and a VIP reception with the president of the United States, Donald Trump, on Thursday later, probably belongs to Crypto Exchange HTX linked to the sun.

Several blockchain explorers, including Arkham Intelligence and SolanaFM, label the wallet as belonging to cryptocurrency exchange, which recognized SUN as its leader in a 2023 blog post.

This address now has about $ 23.3 million in Trump tokens, according to data in the chain and appears at the top of the event classification, which is published on a website publicized by Trump in its X account. The wallet is labeled as “Sun”.

Sun, the founder of Tron Blockchain, said on social networks that he was Trump’s main headline in the raffle. The raffle rewards the great Trump tokens headlines with access to an event organized in a Trump -owned golf club near Washington, DC

HTX, previously known as Huobi, was acquired by Capital, an investment firm by Hong Kong, in October 2022. Sun denied that he was involved in the acquisition in an interview with Coindesk TV at that time. However, he joined the exchange as a member of his global advisory board. Huobi then identified Sun as his leader in the blog post.

In 2023, the platform renamed HTX, a wink to Huobi, Tron and “Exchange.” At that time, the exchange indicated a “commitment to be in Tron.”

Sun’s connection with the ecosystem linked to Trump also implies an investment of $ 75 million in Financial Tokens of Liberty World, a decentralized financing initiative backed by the president’s family.

The billionaire crypt born in China was sued by the United States Stock Exchange and Securities Commission (SEC) under the Biden administration. The regulator alleged that he had been “manipulating the market” for tokens linked to their companies and paid the celebrities to “promote” these tokens.

That demand has been suspended under the leadership of the SEC of the Trump administration, since the parties sought to find a “potential resolution.” According to the current administration, the regulator has dismissed several demands and investigations against cryptographic companies, including Coinbase, Kraken and Uniswap.

Donald Trump’s memecoin was launched only a few days before inauguration earlier this year. It was received with criticism from the cryptographic industry and among legislators, about the time of launch and their assignment to Trump affiliated experts.

Trump is at the time of writing operations at $ 14.64, 11% more in the last 24 hours.