A private dinner and VIP reception with U.S. President Donald Trump has linked a $14.6 million wallet to crypto exchange HTX, owned by Chinese-born billionaire Justin Sun.
The top wallet on the leaderboard for President Trump‘s dinner with the largest holders of his memecoin may belong to crypto exchange HTX, according to blockchain explorers.
HTX, also known as Heng Tai Xchange, is a Hong Kong-based digital asset exchange.
Established in 2018, it offers trading services for various cryptocurrencies and fiat currencies.
The platform provides users with a secure and efficient way to buy, sell, and store digital assets.
HTX has gained popularity among traders due to its high liquidity and competitive fees.
As of 2022, the platform is available in multiple languages, including English, Chinese, and Korean.
Justin Sun, a Chinese-born crypto billionaire and founder of the Tron blockchain, is also involved with the Trump-linked ecosystem through a $75 million investment in World Liberty Financial. His wallet address has been credited as the top holder of TRUMP tokens for a private dinner and VIP reception with U.S. President Donald Trump.
Justin Sun is a Chinese entrepreneur and investor, best known for founding TRON (TRX), a blockchain-based operating system.
Born in 1990 in China, Sun graduated from the University of Pennsylvania with a degree in finance.
He later co-founded Peiwo, a social media app in China.
In 2017, he acquired BitTorrent, a popular file-sharing platform, and rebranded it as TRON.
Sun's net worth is estimated to be over $7 billion, making him one of the wealthiest individuals in the blockchain industry.
HTX has stated that it’s under the leadership of Justin Sun, who was identified as its leader in a 2023 blog post. The Solana wallet address credited with making Justin Sun the top holder of the TRUMP memecoin is tagged with ‘Sun’ on the leaderboard.
Justin Sun, the founder and CEO of Huobi Global, has been at the forefront of the blockchain and cryptocurrency industry.
His leadership of HTX aims to revolutionize the way people interact with digital assets.
With a focus on user experience and community engagement, HTX is designed to be a platform for mass adoption of Web3 technologies.
Under Sun's guidance, HTX has made significant strides in innovation and growth, solidifying its position as a major player in the industry.
A private dinner and VIP reception with U.S. President Donald Trump later Thursday has made several blockchain explorers, including Arkham Intelligence and SolanaFM, tag the wallet as belonging to the cryptocurrency exchange HTX. The wallet holds $14.6 million TRUMP in it, making it the largest wallet registered for the dinner.
The sweepstake rewards large TRUMP token holders with access to an event hosted at a Trump-owned golf club near Washington, D.C. Sun said on social media that he was the top TRUMP holder in the sweepstake, and HTX has acknowledged Sun as its leader since 2023.
Justin Sun‘s connection to the Trump-linked ecosystem also involves a $75 million investment in World Liberty Financial tokens, a decentralized finance initiative backed by the president’s family. The Chinese-born crypto billionaire was sued by the U.S. Securities and Exchange Commission (SEC) under the Biden administration but has had the suit put on hold under the Trump administration.
The TRUMP memecoin was launched just days before his inauguration earlier this year and was met with criticism from the crypto industry and among lawmakers, over the timing of the launch and its allocation to Trump-affiliated insiders. The current price of TRUMP is $14.64, up 11% in the last 24 hours.
HTX, formerly known as Huobi, was acquired by About Capital, a Hong Kong investment firm, in October 2022. Sun denied being involved in the acquisition but did join the exchange as a member of its global advisory board. The platform rebranded to HTX in 2023, pointing to a ‘commitment being all in TRON.’
Justin Sun‘s connection to the Trump-linked ecosystem also involves his involvement with World Liberty Financial tokens, a decentralized finance initiative backed by the president’s family.
