Justin Sun, the founder of Tron, claims that the goals for the resuscitation include brand improvement, female emancipation, and commercial collaboration with an emphasis on Huobi Token. As a result, the price of Huobi Token (HT) has increased by almost 28% during the past day.
Justin Sun, the founder of Tron, claims that the goals for the resuscitation include brand improvement, female emancipation, and commercial collaboration with an emphasis on Huobi Token. As a result, the price of Huobi Token (HT) has increased by almost 28% during the past day.
Huobi Global Revival Strategy Announced by Justin Sun
The decision to resurrect the Huobi Global cryptocurrency exchange was made during a meeting of the new advisory council, as revealed by Justin Sun in a tweet on October 10. Ted Chen, Du Jun, the founder of Baiyu Capital, Wang Yang, the co-founder of Huobi Global, Justin Sun, the founder of Tron, and Leah Wald, the co-founder of Valkyrie, are all members of the advisory board for Huobi Global.
The advisory board will assist in enhancing Huobi Global's operations in the business, market, brand, compliance, risk management, and other areas. The advisory group also affirmed that the cryptocurrency exchange would not relocate to China and would instead pursue internationalisation. Huobi Token will also be the focal point of the entire restoration strategy (HT).
A top global strategic advisory board, capital investments in margin and risk provision funds, and efforts to boost competitiveness were previously announced by About Capital.
Price of Huobi Token (HT) Increases by 28%
The news caused the price of Huobi Token (HT) to increase by more than 28%. HT has a 24-hour low of $4.07 and a 24-hour high of $5.21, respectively. The HT price is $4.94 at the time of writing, and there has been a 360% increase in trading volume.
As a result of Justin Sun's alleged involvement in the purchase, Tron's (TRX) price has increased by more than 3%. He actually holds a significant amount of About Capital Management, the company that holds the bulk of Huobi Global. Justin Sun is so inadvertently made an owner. Justin Sun, however, refutes all allegations and makes it clear that he is merely an advisor.
