Huobi Token continues run of strong form, up 64% since bottoming
The Huobi Token (HT) recorded 64% gains, rising from a local bottom of $3.70 on Nov. 13 to a price of $6.06 at the time of press. Following a run on FTX, that culminated in the exchange filing for Chapter 11 bankruptcy, cryptocurrency token prices.
On Oct. 8, founder Leon Li announced selling his entire controlling stake in the exchange to Hong Kong-based About Capital Management. As part of the shakeup, a press release from Huobi dated Nov. 22 set out a new direction for the exchange. It spoke about rebranding the firm and giving “ full play to the important strategic attributes of HT.”
Source
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