Huobi token Flash crashes by 90 % in minutes: everything you need to know is here

Veröffentlicht: 10. März 2023, 08:45 Uhr

Von: Krypto News Österreich

HT – der native Token von Huobi Exchange – stürzte am Donnerstag um 90 % ab und fiel innerhalb von 10 Minuten von 4,6 $ auf 0,31 $. Der Preis hat sich seitdem erholt, aber HT war am vergangenen Tag immer noch um fast 20 % im Minus und wurde derzeit bei 3,81 $ gehandelt. TradingView Andere an den Gründer von Tron, Justin Sun, gebundene Krypto-Assets stürzten ebenfalls ab. TRX beispielsweise fiel in den letzten 24 Stunden um über 12 % von 0,066 $ auf 0,057 $. Trotzdem versicherte die Führungskraft, dass Huobis Betrieb sicher sei, und wies den Vorfall … — HT - the native token from Huobi Exchange - crashed by 90 % on Thursday and fell from $ 4.6 to $ 0.31 within 10 minutes. The price has recovered since then, but HT was still in the minus by almost 20 % last day and was currently traded at $ 3.81. TradingView others to the founder of Tron, Justin Sun, bound crypto-assets also crashed. For example, TRX fell over $ 0.057 in the last 24 hours from over $ 0.066. Nevertheless, the manager assured that Huobi's company was safe and pointed out the incident ... (Symbolbild/KNAT)

ht - the native token from Huobi Exchange - crashed by 90 % on Thursday and fell from $ 4.6 to $ 0.31 within 10 minutes. The price has recovered since then, but HT was still in the minus by almost 20 % last day and was currently traded at $ 3.81.

tradingview

others to the founder of Tron, Justin Sun, bound crypto assets also crashed. For example, Trx fell over $ 0.057 $ 0.066 in the last 24 hours.

Nevertheless, the manager assured that Huobi's company was safe and rejected the incident as normal market behavior.
Sun, who happened to be the greatest owner of the HT token, apologized for the market fluctuations caused by “few users who trigger a cascade of forced liquidations on the spot and HT contract markets”.
The managing director intends to establish a liquidity fund with an investment of $ 100 million for those affected by the lit liquidation on the market. He also confirmed a transfer of $ 100 million to USDC Huobi.

"We will further improve the liquidity depth of the most important cryptocurrencies and HT tokens, strengthen leverage hairs and liquidity skills."

in a (n Update Sun too that Huobi has the task, all, all To carry position losses by leverage on the crypto tour, which result from this market volatility event of HT.

The strengthening of warnings of leverage risks and liquidity skills are some of the areas that require attention, according to the managing director, who also acts as a consultant of the crypto exchange.

In the minutes before the crash, more than $ 2 million were sold to HT-token on Huobi Data provided by Kaikos Research Analyst Riyad Carey.
In addition, Sun Usdt is said to have transferred $ 60 million from Huobi to AAVE, which has been transferred called cannot have anything to do with the event.

The article Huobi token Flash Crashes by 90% in Minutes: Here’s Everything You Need To Know first appeared on Cryptopotato.