March 22, 2023

Huobi Token (HT) Market Recovers After Tron CEO Justin Sun Confirms $100 Million USDC Transfer

The Huobi Token (HT) market experienced a significant drop to a 52-week low of $1.84 in the last 24 hours, causing concern among investors. However, the market has since recovered after Tron CEO Justin Sun confirmed a $100 million USDC transfer to Huobi. This move successfully reestablished the market, shooting the price to an intra-day high of $4.83.

Despite the initial success of the move, the bearish momentum remained, prompting the price to fall by 18.51% to $3.94 as of press time. This indicates that investors remain cautious and uncertain about the market’s long-term prospects.

During the recession, the market capitalization fell by 18.79% to $637,537,676, indicating that investors are withdrawing their investments due to the prevailing bearish sentiment, causing the market’s overall value to fall. The 24-hour trading volume, on the other hand, has increased by 23.56% to $1,064,764,064, indicating that investors are still actively trading in the market.

The confirmation of the $100 million USDC transfer by Justin Sun has brought some relief to the Huobi Token market, but it remains to be seen whether this will be enough to sustain the market’s recovery in the long run. Investors are advised to remain cautious and keep a close eye on market developments.

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