HTX Cold Wallet Registers for Trump Dinner

An HTX cold wallet, 8NBEb, has registered for the upcoming TRUMP token holders’ private dinner with US President Donald Trump, with a holding of 1.18M TRUMP tokens, worth over $14.4M. The address is the largest holder to have registered for the dinner so far and is rumored to be for Tron founder, Justin Sun, who is closely affiliated with HTX.

The use of a cold wallet for such a significant holding underscores the high value placed on these assets, requiring enhanced off-line security. The potential link to a major crypto figure like Justin Sun also highlights the deep involvement of established market participants within various niche token ecosystems.

The private dinner with the President which takes place on May 22nd in Washington D.C., is a privilege granted to the top 220 holders of the TRUMP token. The announcement revived the TRUMP token, sending it up more than 50% after a brutal decline since its launch.

This situation is a clear example of how real-world events and exclusive access can be used to generate value and interest in the memecoin market. For tokens tied to political figures, price action is often heavily influenced by news and sentiment rather than traditional utility, and this event provides a tangible perk for top holders.