Prices Of Huobi Flying Tokens After A New Roadmap Public Company

JAKARTA Huobi Token (HT) is a crypto token published by exchange Huobi Global. HT managed to record an increase of 44.6 percent in the past week.

Last week, HT was trading in the range of Rp. 68,000 to Rp. 70,000. Now the price of Huobi Token is in the range of Rp. 99,000 to Rp. 100,000 per token. HT was affected by the decline in the crypto market triggered by the bankruptcy of the crypto asset exchange company founded by Sam Bankman-Fried, FTX.

However, not long after that, the price of Huobi Token gradually began to recover. The recovery was triggered by the announcement of a company that made a change in strategy to refresh brands and roadmaps for global expansion.

On October 8, founder Leon Li announced to sell all of the company's shares on the stock exchange to Hong Kong-based About Capital Management. As part of the reshuffle, Huobi's press release dated November 22 set a new direction for the exchange.

Not only that, the company also announced that Huobi would use HT as a way for holders to choose a "high-quality project" to be listed on the platform. In the near future, Huobi will be present in the Caribbean. Companies transverse potential profits from crypto regulation in the region. In addition, English is widely used in the region.

In addition, Huobi mentioned increased investment in areas with strong growth potential, including Southeast Asia and Europe. While also exploring options around mergers and acquisitions.

Huobi's purchases made by About Capital Management raise rumors that TRON founder Justin Sun and FTX founder Sam Bankman-Fried were involved in the purchase. However, the two figures have dismissed rumors of their involvement in Huobi's purchase, as reported by CryptoSlate.

Meanwhile, leading crypto journalist Collin Wu via her Twitter post @WuBlockchain explained that Justin Sun owns the Poloniex crypto exchange he bought from Circle in 2019. Wu said Sun would combine his crypto exchange with Huobi.

Poloniex's exchange, which Justin Sun acquired from Circle in 2019, will join the recently acquired Huobi exchange, according to sources familiar with the matter. Coinecko shows that Poloniex's daily spot trading volume is only 1/10 of Huobi, "wrote Collin Wu, 25 November 2022.