​ Huobi Token Price Skyrockets By 21%; Here’s Why The global | Altcoin Holder

​ Huobi Token Price Skyrockets By 21%; Here’s Why

The global crypto market registered a marginal drop over the past day. However, Huobi Token (HT) recorded a whooping price surge of more than 21% over the anticipation of a possible buyout.

Huobi Token 24 hr trading vol surges by 190%
As per the report, Leon Li, Huobi Group founder is in talks with several investors in order to sell his stake in the company. He is seeking to sell around 60% share of the crypto exchange.

It is expected that the deal will be done at the company valuation of around $3 billion. However, if this deal gets approval then it will be counted as the biggest takeover in the digital asset market.

Since the news broke out, the Huobi token’s 24 hour trading volume has zoomed by more than 193% to stand at $35.4 million. HT is trading at an average price of $5.38, at the press time. However, it is still trading down by over 86% from its all time high (ATH) of $39.8.