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

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

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.

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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.

• 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.

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