A Critical Intervention From Justin Sun To The Stock Market Token, Which Has Regressed By 90 Percent!

Huobi, As a precaution against the sharp drop in the stock market token late Thursday, Huobi Token (HT) To protect against sudden drops Justin Sun launched a $100 million liquidity fund provided by

Justin Sun Completes $100M USDC Transfer To Create Huobi Liquidity Fund

The fund was created to address the rapid decline and subsequent recovery of HT Token.
Sun confirmed that $100 million in USDC was transferred to Huobi.

We have transferred 100 million #USDC to @HuobiGlobal. done. https://t.co/0TbCsH2ixn https://t.co/XWeHI3FriZ

— HE Justin Sun 孙宇晨 (@justinsuntron) March 10, 2023

According to a tweet by Sun, the rapid decline and subsequent recovery was due to “leveraged liquidation in the market caused by a few users.”

In this situation, investors Silvergate’s It came amid a broader crypto market correction, in which $307 million of positions in the market were liquidated as banking digested the impact of its exit from crypto companies.

“We will continue to improve the depth of liquidity of major cryptocurrencies and HT token, strengthen leverage risk alerts and liquidity capabilities,” Sun said in his tweet.
Sun previously announced that he is a major owner of HT.

While the Huobi token was trading at $ 4.8 levels yesterday, it suddenly dropped to $ 0.30. As of now, the token is trading at $3.8.

#huobi The token is down 80%. #HT pic.twitter.com/rmLHd1l8fI

— Bitcoin System (@bitcoinsystem) March 9, 2023

In October, HT had rally nearly 75% as Sun said, “Reviving Huobi is empowering HT” and promising “There will be many big moves around HT, including brand upgrades, intense empowerment and collaboration.”

*Not investment advice.