Portfolio linked to Justin leading access to the labeled Trump dinner as belonging to HTX

The address of the Solana portfolio credited for having made Justin Sun the spokesperson for Trump Memecoin for a private dinner and a VIP reception with US President Donald Trump later Thursday, probably belongs to an exchange of HTX crypto-soil.

Several blockchain explorers, including Arkham Intelligence and Solanafm, label the portfolio as belonging to the exchange of cryptocurrency, which recognized Sun as its leader in a blog article in 2023.

This address now contains around 23.3 million dollars of Trump tokens, according to data on the channel and appears at the top of the event ranking, which is published on a website published by Trump on its X account. The portfolio is labeled “Sun”.

Sun, the founder of the Blockchain Tron, said on social networks that he was Trump’s first holder in the draw. The competition rewards major Trump tokens holders with access to an event organized in a golf club belonging to Trump near Washington, DC

HTX, formerly known as Huobi, was acquired by About Capital, an investment company from Hong Kong, in October 2022. Sun denied having been involved in the acquisition in an interview with Coindesk TV at the time. However, he joined the exchange as a member of his global advisory council. Huobi then identified Sun as his leader in the blog post.

In 2023, the platform renamed HTX, a nod to Huobi, Tron and “Exchange”. At the time, the exchange stressed that a “commitment being all at Tron”.

Sun’s link with the ecosystem linked to Trump also involves an investment of $ 75 million in World Liberty Financial Tokens, a decentralized financial initiative supported by the president’s family.

The cryptocurrency of Chinese origin was continued by the American Commission of Securities and Exchange (SEC) under the Biden Administration. The regulator allegedly alleged that he had “manipulated the market” for tokens related to his businesses and paid for “to-all” celebrities these tokens.

This prosecution was suspended under the direction of the SEC of the Trump administration while the parties sought to find a “potential resolution”. Under the current administration, the regulator rejected several proceedings and surveys against cryptographic companies, notably Coinbase, Kraken and United.

Donald Trump’s same was launched a few days before its inauguration earlier this year. It was criticized by the cryptography industry and among the legislators, at the time of launch and its allowance for initiates affiliated to Trump.

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