Huobi Token Plunges 90% In Minutes, Sparks Insolvency Rumors
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Loading... - Emilia Sanchez
- 10 Mar 2023
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Huobi Token (HT) has emerged at the center of insolvency rumors following a shocking performance on Thursday. Following the plunge in the general crypto market, Huobi Token took it a step further with a massive 90% drop in just a matter of minutes. Now crypto community members are on edge, wondering if the crypto exchange would be the next to go under.
Huobi Token (HT) Takes A Massive Dump
Before the news of the U.S. Attorney General suing KuCoin crypto exchange made the rounds, HT was trending at a price of $4.4 and remained steady. However, as the market declined, HT fell to as low as $0.3, an over 90% decline, before rallying back up to $3.5.
Its decline placed it among the top losers in the market, coming behind Singularity Net (AGIX) which lost 21.74% of its value in the 24-hour period. HT’s market cap also took a hit during this time, falling over 20% to be sitting at $619.7 million.
As a result, Huobi Token has now fallen to 67 on the list of top cryptocurrencies by market cap. However, its trading volume is up a whopping 363% in the last 24 hours, which brings it to its current level of $58 million. Read More..
