Huobi recently witnessed a massive token collapse during a flash crash. The 17th biggest exchange experienced a 90% loss in market cap, which was recovered minutes later.

At 3:45, HT was trading at $4.70. The token was now worth $1.83 after 25 minutes had passed. A couple of hours later, the currency returned to 3.90 dollars, a 30% dip from the previous day.

Reports stated that HT suffered a significant market cap loss of $200,000,000. This decline was only momentary, as the token made a 1000% recovery a few minutes later.

(By Scott Cook)