Huobi Token’s [HT] key metrics to help you sail through crypto winter
ambcrypto.comHuobi Token’s [HT] 86% increase in the last seven days seems to have taken another turn, thanks to some revelation by Justin Sun.
According to the Poloniex CEO, he might be the biggest HT holder as Huobi Global finalizes a new ownership transfer. The controversial figure said this statement in a recent interview with Bloomberg.
Sun had initially declared that he was not taking over at the exchange but only acting in an advisory role. However, recent activities from the Huobi exchange might indicate that the Tron [TRX] founder had secured a stake in the company.
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This was because Wu Blockhain revealed that about 74 million HT were transferred into a wallet belonging to Sun. Hence, creating rumors of a private handover.
<p lang=«en» dir=«ltr» xml:lang=«en»>74 million HT of Huobi’s two official wallets have been transferred to two new addresses on October 13, and the first transactions were from Justin Sun’s poloniex. The HT officially held by Huobi may be part of the acquisition of Huobi Exchange and has been handed over to Sun. https://t.co/O3SexjA8io— Wu Blockchain (@WuBlockchain) October 14, 2022
The Etherscan receipt showed that Huobi sent the tokens worth $583.86 million into the “Poloniex 4” wallet. However, it did not seem like HT was concerned about slowing down its surge.
At press time, CoinMarketCap showed that HT was 13.85% up from the previous day’s price. While it decreased earlier to $7.39, it regained its bullish drive, trading at $7.87, at the time of this writing.
Although there had been a continuous uptick in some aspects, a few others experienced lows. According to Santiment, the HT one-day circulation which rallied to 74.23 million on 13
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