Founder of TRON Justin Sunhas started to appear frequently in the crypto money press in recent days. Sun’s last statement also fell on the agenda like a bomb. Justin Sun, in a statement Huobi TokenHe stated that he bought millions from and still has. He added that he is keen to increase his HT tokens as he is currently acting as an advisor to the Huobi crypto exchange.
Koinfinans.com As we reported, Justin Sun’s comments were shared during an interview with Emily Chang on the Bloomberg channel on Thursday, October 13. “Myself HT tokenI would like to see him as one of the biggest owners of the .
The Tron founder also stated that he has been accumulating HT tokens since the founding of the crypto exchange in 2013. Shortly after Justin Sun became a consultant to the Huobi crypto exchange, the price of the HT token increased by nearly 100% in a week.
At the time of writing, the HT token was trading with a price of $8.14 and a market cap of $1.2 billion, up 12.32 percent. These data caught the attention after the Huobi token (HT) added more than $600 million to its market capitalization in less than a week. The influence of Justin Sun on the HT token is an undeniable fact.
Huobi is currently one of the top ten global cryptocurrency exchanges on the market. This exchange shows around $900 million in daily trading volume.
Is Justin Sun the Shadow Owner of Huobi?
As Koinfinans.com announced earlier, Tron founder Justin Sun was allegedly the shadow owner of Huobi Global. However, Sun denied the allegations of buying shares in the crypto exchange. Speaking about this development, crypto journalist Coin Wu wrote:
“74 million HT of Huobi’s two official wallets were transferred to two new addresses on October 13 and the first transactions were made from Justin Sun’s poloniex. Officially held by Huobi, HT may be part of the Huobi Exchange acquisition and transferred to Sun.”
Justin Sun said they will focus on further expanding the Huobi presence to the global market. It is also interested in bringing the exchange back to China if the law allows it.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.