Token sharply dropped after the reports of internal friction at the Chinese crypto exchange surfaced.
Prices fell by nearly 10% in 24 hours.
Justin Sun confirmed Houbi will lay off 20%of its staff.
Huobi’s Token (HT) fell by nearly 10% after the reports surfaced about the internal friction at the Chinese crypto exchange Huobi Global. Earlier this week, it was reported that Houbi is asking its employees to take salaries in stablecoins instead of fiat currencies. If they refuse, they might get fired from the company.
As of today, Justin Sun confirmed the rumors about Huobi laying off 20% of its staff. Although he did not comment on the internal conflict, many speculate the conflict might be a path opted to achieve the layoff goal.
Here’s what charts tell
Source: HT/USDT by Tradingview
The current prices form a falling parallel channel. The present prices show a drip and immediate recovery. This may be due to bears buying the dip and accumulating the HT token. All significant E
We współpracy z: https://www.thecoinrepublic.com/2023/01/06/ht-bears-to-hunt-in-shallow-waters-mass-layoffs-draining-investors/
