Justin Sun, Huobi native token of the exchange HT He explained his new plans after making a series of allegations about him.
The famous CEO, who shared on Twitter, stated that during the first issuance of the HT token, Huobi coin Li Lin gave a large number of free HT tokens to his brother Li Wei, and Wei suppressed the price by constantly selling these tokens.
Sun stated that they took action as a community to solve this problem and started negotiations to take back and destroy the said HT tokens from Wei. Sun added that this is a fair move that is in the best interest of the HT token community.
We plan to engage with Li Wei to negotiate a refund and arrange for the destruction of his remaining HT tokens. This action is not only a matter of justice but also serves the best interests of everyone in the HT DAO community.
— HE Justin Sun 孙宇晨 (@justinsuntron) May 16, 2023
33% depreciation since April HT Tokenexperienced a 10% rise after Sun’s post.
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