This Altcoin Gained 25 Percent in Value per Day, The Reason Is Unknown

Huobi Token (HT), the token of Huobi, one of the largest cryptocurrency exchanges, increased by 25% during the day to $ 2.99.

Many altcoins on the market to move upward While you’re at it, It has been in a downward trend for 12 months HT also accompanies them.

According to CoinGecko data, Huobi Token’s transaction volume increased within 24 hours. More than 4x growth happened.

While last week’s transaction volume was between 2 million and 5 million dollars, this number is today $32 million for the first time since February exceeded the threshold.

Justin Sun, a consultant to Huobi, said in a statement to the press that Huobi Token He said he had “no idea” why it was so valuable. told.

Li Wei, brother of Huobi founder Li Lin “at zero cost” Buy a large amount of tokens and use them “large amounts of money” HT faced great selling pressure at the beginning of the year after it was claimed that it had sold out.

Huobi Token price rise What kind of development triggered Unknown.

Meanwhile, the total value of the altcoin market approached 700 billion dollars.

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