Huobi Mystery Sees Coin Rise 44% In Week
Although Bitcoin and Ethereum hardly move and the interest in crypto (and stocks) seems to decrease during the football world cup, there are still digital coins that are doing very well. Huobi Token, the digital coin of the similar platform, lost a lot of its profits built up in October due to the FTX scandal, but is still the winner of the week with a phenomenal gain of 44%
🐳Altcoin update 30/100🐳— Whale Coin Talk (@WhaleCoinTalk) November 26, 2022
Huobi Token has made a 50% gain in the last few days.👀$HT is the native token of the @HuobiGlobal exchange and is an EVM-compatible digital asset. It is now sitting at the 40th place based on the market cap.
Can $HT make it to the top 25?💭 pic.twitter.com/z3PlGMI4KH
Leon Li, Huobi Global’s largest shareholder, sold his stake in the company in mid-October, but a mystery remains as to who the actual buyer was. Justin Sun, who founded the Tron blockchain and ditto coin, among others, is referred to by many as the new owner, but Sun has still not confirmed anything. The only thing he wants to say is that he is an advisor to Huobi. Sam Bankman-Fried as a buyer was also one of the rumors at the time, but since FTX has since gone bankrupt, that is impossible.
Be that as it may, the fact that one of the largest crypto platforms in Asia has changed ownership seems to be giving the native currency a major boost. The new rumor that Huobi would merge with another platform, Poloniex, also pushes the price higher.
In the past week, the value of Huobi, which, like the other major digital coins, had suffered a sharp drop due to the FTX scandal, rose again by some 44%.
Primakov / Depositphotos.com