Market News- Justin Sun about to sell some stakes in Huobi Global.
- Huobi token continues to decline despite the purchase by Justin Sun.
Tron Founder Justin Sun is in the discussion of selling some of the stakes in the crypto exchange Huobi Global. Notably, Justin Sun offered to the U.S. government to buy the seized 41K Bitcoin. He purchased the crypto exchange for $1 billion last year after the entire shareholders and co-founders sold their entire stake in the crypto exchange to Justin Sun.
According to the report, Justin Sun discussed with the potential investors about selling some stakes in Huobi Global on April 1. Meanwhile, Justin Sun claimed that he doesn’t own any stake in Huobi. At the same time, he denied that he was in a discussion about selling stakes in Huobi. He turned that into an April fool’s day prank.
Justin Sun stated:
“We are not seeking and will not seek any buyers for Huobi Global”
The trading volume of the Huobi token continues to decline after the purchase by Justin Sun. In the last 24 hours, the crypto exchange comes out from the top 10 according to the trading volume.
At the time of writing, the Huobi token is trading at the price of $3.66 with a decline of 0.40% in the last 24 hours according to CoinMarketCap.
Source: https://thenewscrypto.com/justin-sun-about-to-sell-stake-in-crypto-exchange-huobi/