Financе

Justin Sun Moving Stablecoins After Promising to Create Huobi Liquidity Fund

Justin Sun is moving $60 million in USDT from one of his Ethereum wallets, after he promised to create a $100 million liquidity fund for Huobi in response to an extreme drop and then rebound in the HT token late Thursday U.S. time.

“We will continue to improve the liquidity depth of main cryptocurrencies and HT token, strengthen leverage risk warnings and liquidity capabilities,” Sun tweeted.

HT dropped from a 24-hour-high of $4.81 to a low of $0.31 at 21:00 UTC on Huobi’s exchange, according to data from TradingView.

HT is currently trading at $3.90, according to CoinGecko.

   

Source


Show More
Close

Become a Millionaire by Trading Crypto!