Huobi’s HT token, the exchange’s native token The cryptocurrency briefly dropped 93% on Thursday for reasons not yet clear. and quickly bounced back up
The price of the token dropped from a 24-hour high of $4.81 to a low of $0.31 on Huobi, while other exchanges saw similar declines.
Kaiko researchers revealed that in the five minutes preceding the fall, there were $2 million in sales, but only $600,000 in buys on the HT-USDT pair on Huobi.
At present, the token has bounced back and is trading at $3.70 on Huobi, down about 24% over the past 24 hours.
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