USDT / TRY (Dollar) Drops to 13 Liras on Huobi Exchange

In Huobi, one of the world’s leading cryptocurrency exchanges, the USDT/TRY parity was traded at 18.98 liras, while it decreased to 13.00 liras in the relevant exchange.

Huobi cryptocurrency exchange USDT/TRY suddenly at par 18.69 from the price level of 13.00 There was a move to the lira price level. After this price movement, the value of the dollar against the Turkish lira quickly recovered and returned to its normal levels.

The sudden movement in the dollar price mobilized the users of the stock market and the phenomena on social media. While the reason for the incident in the shares was questioned, many people expressed their concerns due to the stock market problems that were on the agenda of the market.

While some of the social media users see price activity as a result of a user’s “sell market” transaction, some interpret it as a Tether-targeted manipulation.

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