Whale Pumps Over $200Million into Huobi Despite Ongoing Troubles
A big investor added $200 million and 5,000 ether to Huobi exchange, but rumors causes many to pull out their money.
A big investor, known as a whale, put a lot of money into the Huobi exchange. First, they added $200 million in USDT, and then they put in 5,000 ether (ETH), worth $9.15 million.
Some people thought this whale was Justin Sun, but a Huobi spokesperson said it wasn't. This whale is one of the top holders of TRX token.
After these big deposits, Huobi now has $273 million of USDT, says DeFi Llama data. They also hold $400 million of stUSDT, a project supported by Sun.
Even with these deposits, data from Nansen.ai shows that many have taken their money out of Huobi in the past week.
Some people think this is because of rumors that Huobi leaders are in trouble in China, but a spokesperson says this isn't true.
Finally, the Huobi's HT token's value has dropped by 2%, and is now at $2.61.
