When Crypto Meets Politics: The Absurdity of Trump’s Dinner Wallet

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What to know:

  • Ah, the top wallet on the leaderboard for President Trump’s dinner, a veritable feast for the soul, may indeed belong to the illustrious crypto exchange HTX, as whispered by the blockchain oracles.
  • Justin Sun, that enigmatic figure, proclaims himself the supreme holder of TRUMP tokens, and lo! The wallet bears the name “Sun” like a badge of honor on the leaderboard.
  • HTX, in its grandiloquent proclamations, has claimed to be under the wise leadership of none other than Justin Sun, a member of its global advisory board, or so they say.

In a twist of fate worthy of a Dostoevskian novel, the Solana wallet address, which has elevated Justin Sun to the pinnacle of TRUMP memecoin holders for a private dinner with the illustrious U.S. President Donald Trump, likely belongs to the Sun-affiliated crypto exchange HTX. What a tangled web we weave!

Several blockchain seers, including Arkham Intelligence and SolanaFM, have tagged this wallet as belonging to the cryptocurrency exchange, which, in a blog post of 2023, acknowledged Sun as its leader. How quaint!

It appears that someone has registered an HTX Cold Wallet for the Donald Trump dinner.

HTX holds a staggering $14.6M TRUMP in this wallet, making it the largest wallet registered for the dinner. Truly, a feast for the senses!

Address: 8NBEbxLknGv5aRYefFrW2qFXoDZyi9fSHJNiJRvEcMBE

— Arkham (@arkham) April 24, 2025

That very address now cradles approximately $23.3 million worth of TRUMP tokens, according to the ever-watchful on-chain data, and it proudly sits atop the event’s leaderboard, a digital throne publicized by Trump on his X account. The wallet, of course, is tagged “Sun.” How poetic!

Sun, the founder of the Tron blockchain, has taken to social media to declare himself the top TRUMP holder in this grand sweepstake. The sweepstake, a curious affair, rewards the largest TRUMP token holders with access to an event hosted at a Trump-owned golf club near Washington, D.C. Ah, the irony!

HTX, once known as Huobi, was snatched up by About Capital, a Hong Kong investment firm, in the autumn of 2022. Sun, in a moment of humility, denied any involvement in the acquisition during an interview with CoinDesk TV. Yet, he did join the exchange as a member of its global advisory board. How noble!

In 2023, the platform rebranded to HTX, a name that echoes Huobi, Tron, and “exchange.” At that time, the exchange proclaimed its “commitment being all in TRON.” A declaration fit for a king!

Sun’s entanglement with the Trump-linked ecosystem also includes a $75 million investment in World Liberty Financial tokens, a decentralized finance initiative backed by the president’s family. What a delightful family affair!

The Chinese-born crypto billionaire found himself in the crosshairs of the U.S. Securities and Exchange Commission (SEC) under the Biden administration, accused of “manipulating the market” for tokens tied to his ventures and paying celebrities to “tout” these tokens. A scandal worthy of the ages!

That suit, however, has been put on hold under the Trump administration’s SEC leadership as the parties seek a “potential resolution.” Under the current administration, the regulator has dismissed several lawsuits and investigations against crypto firms, including Coinbase, Kraken, and Uniswap. A curious turn of events!

Donald Trump’s memecoin was birthed just days before his inauguration earlier this year, met with scorn from the crypto industry and lawmakers alike, over the timing of the launch and its allocation to Trump-affiliated insiders. The absurdity of it all!

As of this moment, TRUMP is trading at $14.64, up 11% in the last 24 hours. A fitting end to this tale of intrigue and absurdity! 🎩💰

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2025-05-22 20:05