Wal-alarm: Huobi burns over 1.9 million HT token and shows the struggle for the price

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Huobi, eine der größten Kryptowährungsbörsen der Welt, hat kürzlich bekannt gegeben, dass über 1,9 Millionen HT (Huobi Token) verbrannt wurden. Diese Maßnahme wurde ergriffen, um die Anzahl der im Umlauf befindlichen HT zu reduzieren und damit den Wert der verbleibenden Tokens zu erhöhen. Laut Huobi wird die Burn-Rate alle drei Monate überprüft und angepasst. Dieses Mal wurde beschlossen, eine beträchtliche Anzahl von HT zu verbrennen, um das Angebot zu verringern. Diese Aktion hat einen positiven Effekt auf die HT-Besitzer, da die Verringerung des Angebots in der Regel zu einem Anstieg des Token-Werts führt. Eine interessante Tatsache ist, dass die Mehrheit …
Huobi, one of the world's largest cryptocurrency exchanges, has recently announced that over 1.9 million HT (Huobi Token) were burned. This measure was taken to reduce the number of HT in circulation and thus increase the value of the remaining tokens. According to Huobi, the burn rate is checked and adapted every three months. This time it was decided to burn a considerable number of HT to reduce the offer. This action has a positive effect on the HT owners, since the reduction in the offer usually leads to an increase in the token value. An interesting fact is that the majority ... (Symbolbild/KNAT)

Huobi, one of the largest cryptocurrency exchanges in the world, has recently announced that over 1.9 million HT (Huobi token) were burned. This measure was taken to reduce the number of HT in circulation and thus increase the value of the remaining tokens.

According to Huobi, the burn rate is checked and adapted every three months. This time it was decided to burn a considerable number of HT to reduce the offer. This action has a positive effect on the HT owners, since the reduction in the offer usually leads to an increase in the token value.

An interesting fact is that the majority of the HT in circulation is held by whales. Whales are investors who have large amounts of cryptocurrency and thus have a significant impact on the market. According to Huobi, whales hold about 95 % of the available HT. This shows that the decisions and movements of these great investors can have a major impact on the Huobi token.

The measure to burn HT is not new to Huobi. It is a common practice in the crypto world to increase the value of a token and limit the offer. By burning the tokens, trading activities increase at the same time because the remaining token becomes more attractive.

Huobi is not the only crypto tour that uses this method. Other exchanges such as Binance and Ethereum have carried out similar combustion actions to increase the value of their own tokens.

The Huobi Token (HT) is used on the Huobi exchange and offers users various advantages. It enables access to exclusive discounts, additional trading functions and improved stock market advertising. By burning the HT, the token for those who own it becomes even more valuable and attractive.

It is expected that Huobi will continue to carry out incineration campaigns in the future in order to further increase the value of the HT. Investors and traders should therefore have an eye on this development because it can have an impact on the cryptom market and in particular on the Huobi token.

Overall, the combustion of over 1.9 million HT by Huobi shows its commitment to increase the value of the token and to stabilize the market. This measure underlines the importance of combustion actions in the crypto world and how you can help increase the value and attractiveness of a tokens. Investors and traders should therefore keep an eye on the effects of such actions and consider them as a potential investment or trade option.