Cointime

Cointime

Download App
iOS & Android
Home / JUST IN

Huobi Token Saw a 90% Flash Crash, Recovery; Community Blames High Sales, Market Downturn

At 3:45 pm, HT was trading at $4.70. By 4:10 pm, it was down to $1.83. By 6:00 pm, it was back up $3.90,  30% lower than it had started the day.

According to a tweet by a Kaiko researcher, sales worth $2 million were reported in the five minutes leading up to the crash, which is significantly higher than the usual $600,000 buys on the HT-USDT pair. 

Some speculated that the downturn has more to do with broader negative market sentiment.

Huobi Token Huobi Token $0.67
-10.6%
Huobi
Comments

All Comments

Recommended for you

  • Cointime August 11st News Express

    1.Fed Governor Bowman: Be cautious about rate cuts

  • Cointime August 4 News Express

    1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

  • Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

    According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.

  • Trump team files complaint over Harris inheriting $96 million in Biden campaign funds

    According to reports from foreign media, the Trump campaign team has filed a complaint with the Federal Election Commission, claiming that Biden's transfer of $96 million in campaign funds to Harris is illegal. David Warrington, a lawyer for the Trump campaign team, said that this was a "shameless money-grabbing act" and would constitute the largest excessive donation and most serious violation in the history of the Federal Election Law. Shortly after Biden withdrew from the election and appointed Harris as his preferred successor, she took over Biden's campaign committee's bank account. Steve Roberts, a lawyer who represented Republican candidates, said that the argument against the transfer was a "wishful thinking" of his Republican colleagues. The Harris campaign team said that this complaint would not affect its fundraising or spending.

  • Donald Trump Plans to Release Fourth NFT Collection, Embraces Crypto Industry

    Former US President Donald Trump is reportedly planning to release a fourth NFT collection, as he continues to embrace the crypto industry. In a recent interview with Bloomberg Businessweek, Trump stated that his previous NFT collections were "very successful" and sold out in a day. He also revealed that he plans to release another collection, as his supporters are demanding it. Trump's campaign has also started accepting crypto donations, and he has been vocal about the importance of the US not falling behind China in the crypto industry.

  • Crypto Industry Disappointed as Digital Assets Fail to Make an Appearance in First 2024 US Presidential Debate

    Despite hopes from industry participants, the topic of crypto was not discussed during the first general debate of the 2024 U.S. presidential election between Joe Biden and Donald Trump. The debate, hosted by CNN, primarily focused on the economy, with brief mentions of other issues such as abortion, immigration, and foreign policy. While crypto has been a talking point throughout the election cycle, neither candidate made any significant statements about it during the debate. The crypto industry is hoping for a Congress and administration that will pass legislation friendly to digital asset businesses, and is looking to repeat the massive spending on elections from 2022.

  • Cointime May 25 News Express

    1. British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office

  • Cointime's Evening Highlights for May 19th

    1.US spot Bitcoin ETFs saw net inflows of $948.3 million this week

  • Huobi HK’s application for a virtual asset trading platform license submitted to the Hong Kong Securities and Futures Commission was withdrawn on February 23

    The Hong Kong Securities and Futures Commission's official website updated information shows that the virtual asset trading platform license application submitted by Huobi HK to the Hong Kong Securities and Futures Commission was withdrawn on February 23. As of now, the number of applicants for virtual asset trading platform licenses revoked and returned by the Hong Kong Securities and Futures Commission is four, including Ammbr, BitHarbour, and Meex in addition to Huobi HK. According to information disclosed by the Hong Kong Securities and Futures Commission, reasons for license applications being returned, rejected, or withdrawn include but are not limited to the following:

  • Justin Sun: Huobi HTX has ranked among the top five exchanges in the world along with Binance, Upbit, Coinbase, and OKX

    On November 11th, Huobi HTX was invited to attend the 2023 Australian Cryptocurrency Conference from November 11th to 12th. Sun Yuchen, a member of the Huobi HTX Global Advisory Committee and founder of Tron, was invited to give an online speech on the theme of "From Niche to Mainstream: The Evolution of DeFi". During the speech, Sun Yuchen professionally analyzed the exponential growth and adoption rate of DeFi, and explored the application of stUSDT to discuss the role of DeFi in promoting the adoption of cryptocurrencies worldwide, including the potential to enhance financial inclusivity and its impact on a broader economic environment. Sun Yuchen also pointed out that after a year of hard work, exploration, and accumulation, Huobi HTX has ranked among the top five global exchanges together with Binance, Upbit, Coinbase, and OKX, and will continue to build a global encrypted ecosystem, providing users with richer and more diverse financial tools, improving the trading experience, and meeting the different needs of users. It is worth noting that Sun Yuchen's virtual digital human IP was first exposed at this conference.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company