The Solana-Tevebog address that was credited to make Justin Sun the top holder of Trump Memecoin for a private dinner and VIP reception with US President Donald Trump later Thursday is likely to belong to Solbind crypto exchange HTX.

Several blockchain discoverers, including Arkham Intelligence and Solanafm, feel the wallet as the associated cryptocurrency exchange, which recognized Sun as its leader in a blog post from 2023.

This address now has about $ 23.3 million worth of Trump-tokens, according to Data On-Chain and appears at the top of the event’s Leaderboard posted on a site published by Trump in his X account. The wallet is labeled “Sun.”

Sun, the founder of Tron Blockchain, said on social media that he was the top Trump is holding the competition. Sweepstake rewards big Trump token holders with access to an event hosting a Trump-owned golf club near Washington, DC

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

In 2023, the platform redirected to HTX, a nod to Huobi, Tron and “Exchange.” At that time, the exchange pointed to a “commitment to throne.”

SUN’s connection to the Trump-bound ecosystem also involves an investment of $ 75 million in the World Liberty Financial Tokens, a decentralized funding initiative supported by the president’s family.

The Chinese-born crypto billionaire was sued by the US Securities and Exchange Commission (SEC) under the Biden administration. The regulator claimed he had “manipulation of the market” for the tokens tied to his ventures and paid celebrities “to proclaim” these symbols.

This case has been put on wait under the Trump administration’s SEC management as the parties seemed to find a “potential resolution.” According to the current administration, the regulator has rejected several litigation and investigations against cryptic companies, including Coinbase, Kraken and Uniswap.

Donald Trump’s Memecoin was launched a few days before his inauguration earlier this year. It was met with criticism from the crypto industry and among legislators over the time of launch and its allocation to Trump-affiliated insiders.

Trump is at the time of writing trade for $ 14.64, an increase of 11% over the past 24 hours.