Can Huobi Token [HT] overcome FUD as exchange outflow exceeds $75M

The exchange token of the Huobi Global exchange, Houbi Token HT drastically lost about 9% of its value after the exchange witnessed massive outflows. According to the DeFiLlama, over $75 million left the shores of the Houbi platform in the last 24 hours.

Timeline of Huobi-token

Huobi Token (HT), a cryptocurrency trading exchange asset with an overall valuation of $868 million, recorded a significant uptick in its price after an announcement made by Justin Sun, the founder of the Tron blokchain. According to data from Coingecko, on November 29, the asset went up by 13% and peaked at $7.22 before entering a correction phase that made it return to the $6 territory.

The Huobi Token (HT) recorded 64% gains, rising from a local bottom of $3.70 on November 13 to a price of $6.06 at the time of press. The post Huobi Token continues run of strong form, up 64% since bottoming appeared first on CryptoSlate.

Leading crypto exchange Huobi Global has released a new order to restrict employees from trading with in-house data and bans using non-company accounts to engage in secondary market transactions.

Although most of the cryptocurrency industry is still feeling pain from the crisis induced by the liquidity crunch and scandals surrounding the crypto trading platform FTX, some digital assets are recording gains, including Huobi Token (HT).

A representative of the company has reportedly already spoken with Roosevelt Skerrit, the prime minister of Dominica, as the two parties want to work together to improve the nation's crypto infrastructure.

Days after Huobi Global announced the delisting of HUSD from its platform, the stablecoin has seen a decline in its price, leading to a significant slip in its $1 parity.  HUSD tanks by 23% in a day Data from CoinMarketCap revealed that the stablecoin has tanked by more than 20% over the last 24 hours.

Top executives at Huobi have reportedly resigned after Justin Sun's takeover. The post Huobi Top Executives Reportedly Resign as Justin Sun Takes Over appeared first on BeInCrypto.

The cryptocurrency market is currently experiencing some turbulence, and many coins are struggling to keep up with their peers. However, one coin is bucking this trend and gaining momentum at an impressive rate.

With the entire virtual assets industry currently operating against a bearish backdrop, it is fairly unusual to observe significant price surges for any asset, especially within a short period of time. The two virtual asset mainstays, Bitcoin and Ethereum, have seen their prices drop by 0.62% and 4.7% on average respectively over the past month.

Following a series of major moves, the price of Huobi Token (HT), the platform token issued by the world's leading virtual asset exchange Huobi Global, has grabbed the attention of many investors, due to a near doubling in price within the space of a week.