Solana’s wallet is believed to have made Justin Sun the top holder for Trump Memecoin and Trump Memecoin’s top holder for a VIP reception with US President Donald Trump later Thursday.

Several blockchain explorers, including Arkham Intelligence and Solanafm, tagged wallets belonging to the Cryptocurrency Exchange, which recognized Sun as the leader of a 2023 blog post.

According to on-chain data, the address currently holds approximately $23.3 million worth of playing cards tokens, which will appear at the top of the event’s leaderboard. This is posted on the website Trump posted on his X account. The wallet is tagged with the “Sun.”

Sun, founder of Tron Blockchain, said on social media that he is the top holder of the sweepstakes. The sweepstakes reward large card token holders with access to events held at Trump-owned golf clubs near Washington, DC

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

In 2023, the platform was rebranded to HTX, a nod to HTX, Huobi, Tron and “Exchange.” At the time, the exchange pointed out “all the commitments of Tron.”

Sun’s connection to the Trump-related ecosystem also includes a $75 million investment in World Liberty Financial Tokens, a decentralized financial 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. Regulators alleged he was paying celebrities to “manipulate the market” of tokens tied to the venture and “advertise” those tokens.

The lawsuit is pending under the Trump administration’s SEC leadership as parties attempted to find a “potential resolution.” Under the current administration, regulators have dismissed several lawsuits and investigations against crypto companies such as Coinbase, Kraken and Uniswap.

Donald Trump’s Memecoin began earlier this year just days before the inauguration ceremony. It has received criticism between the crypto industry and lawmakers for the timing of the launch and the Trump-related allocation to insiders.

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