The Chinese entrepreneur and Founder of TRON Foundation – Justin Sun – claimed he holds “tens of millions” of Huobi Tokens.
He also said his new role as a Global Advisor at Huobi could allow him to accelerate the development of the digital asset.
- A few days ago, the crypto exchange Huobi launched a Global Advisory Board and invited prominent names from the industry to join it.
- One of the individuals was Justin Sun, who was “very honored” to become a member of the organization and aid its future development.
- The newly-established entity, combined with fresh investment funding and the recent acquisition agreement between Huobi and About Capital, boosted the price of the platform’s native cryptocurrency – Huobi Token (HT). Currently, it trades at around $7.90, or nearly 90% up compared to its past week’s price.
- In a recent interview for Bloomberg, Sun revealed he owns massive amounts of the asset, saying he started accumulating in 2013.
“I would see myself as one of the biggest holders” of HT across the globe, he said.
- The Chinese raised hopes that his position at Huobi will enable him to boost further the development of the exchange’s ecosystem and the native token. He also displayed intentions to expand Huobi’s presence in China should domestic watchdogs change their hostile crypto stance in the future.
- Sun stated that his team had been closely monitoring tokens of bankrupt entities such as Celsius Network’s CEL. As of the moment, though, they have not decided to interact with it.
Featured Image Courtesy of SCMP
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
- AA News
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- coinbase
- coingenius
- Consensus
- crypto conference
- crypto mining
- Crypto News
- cryptocurrency
- CryptoPotato
- decentralized
- DeFi
- Digital Assets
- ethereum
- Huobi
- Justin Sun
- machine learning
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- Social
- W3
- zephyrnet
More from CryptoPotato
Bitcoin Plummets to $38K Leaving Over $700M in Liquidationsths
Source Node: 1149261
Time Stamp: Jan 21, 2022
Oraichain Labs US Launches With Asset Tokenization Platform Aiming to Broaden Access to Capital Markets
Source Node: 1677266
Time Stamp: Sep 22, 2022
Bitcoin & Wall Street Plunge As Powell Threatens Interest Rate Hikes At FOMC
Source Node: 1156292
Time Stamp: Jan 26, 2022
Australia, Singapore, Malaysia, and South Africa to Conduct a Mutual CBDC Project: Report
Source Node: 1056160
Time Stamp: Sep 2, 2021
Circle’s USDC Stablecoin Lands on zkSync Layer 2 Rollup
Source Node: 2541217
Time Stamp: Apr 10, 2024
Weekend Watch: BTC Rejected at $30K, LUNA and UST Dump Another 20%
Source Node: 1318744
Time Stamp: May 21, 2022
Coinbase to Raise $1.5 Billion for Product Development Through a Senior Note Offering
Source Node: 1072036
Time Stamp: Sep 13, 2021
Crypto Firms Are Retreating to Swiss Banks After Industry Meltdown
Source Node: 2019035
Time Stamp: Mar 19, 2023
Grayscale Sees Huge Bitcoin ETF Outflow, But Record Inflow for VanEck
Source Node: 2512186
Time Stamp: Mar 12, 2024
Bybit Announces World Series of Trading with $8 Million in Prize Pool
Source Node: 2169581
Time Stamp: Jul 13, 2023