{"id":68568,"date":"2022-10-14T11:48:29","date_gmt":"2022-10-14T08:48:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68568"},"modified":"2025-09-07T14:50:00","modified_gmt":"2025-09-07T11:50:00","slug":"huobi-token-climbs-85-in-a-week-as-justin-sun-reveals-a-large-ht-stake","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/huobi-token-climbs-85-in-a-week-as-justin-sun-reveals-a-large-ht-stake\/","title":{"rendered":"Huobi Token climbs 85% in a week as Justin Sun reveals a large HT stake"},"content":{"rendered":"<p>The founder of the Tron Foundation, Justin Sun, told Bloomberg in an interview<a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-14\/crypto-s-justin-sun-says-he-owns-tens-of-millions-huobi-tokens\\\"> Bloomberg<\/a> said that he is a major holder of Huobi&#8217;s HT tokens and plans to increase their value.<\/p>\n<p>\\n\\n<\/p>\n<p>He did not specify the exact quantity of HT he owns, describing it only as tens of millions.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\\&#8221;I would consider myself to be one of the largest holders of Huobi tokens in the world\\&#8221;,<\/em> Sun said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>The founder of the Tron Foundation stressed that he did not acquire a stake in the cryptocurrency exchange.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier Sun denied rumors that he is the ultimate beneficial owner of the About Capital Management fund, which <a href=\"https:\/\/u1f987.com\/en\/news\/media-outlets-name-justin-sun-as-huobi-buyer-tron-founder-denies-rumours\">bought<\/a> a controlling stake in Huobi. According to the platform&#8217;s clarification, he joined the advisory board alongside four representatives from traditional and blockchain companies.<\/p>\n<p>\\n\\n<\/p>\n<p>As an adviser to the exchange, Sun would press for Huobi&#8217;s return to China if local authorities&#8217; stance toward industry players softens.<\/p>\n<p>\\n\\n<\/p>\n<p>The founder of the Tron Foundation also said he was studying <a href=\"https:\/\/u1f987.com\/en\/news\/court-sets-celsius-network-deadline-for-asset-sale\">the possibility of purchasing assets<\/a> from the Celsius Network, which is undergoing bankruptcy proceedings.<\/p>\n<p>\\n\\n<\/p>\n<p>Sun also said that the authorities of the Commonwealth of Dominica have recognised HT as legal tender.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">This tweet is the Chinese translation for <a href=\\\"https:\/\/t.co\/KwITHksrgZ\\\">https:\/\/t.co\/KwITHksrgZ<\/a><\/p>\n<p>\u2014 H.E. Justin Sun\ud83c\udf1e\ud83c\uddec\ud83c\udde9\ud83c\udde9\ud83c\uddf2\ud83d\udd25 (@justinsuntron) <a href=\\\"https:\/\/twitter.com\/justinsuntron\/status\/1580714294882480128?ref_src=twsrc%5Etfw\\\">October 14, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n<\/p>\n<p>According to<a href=\\\"https:\/\/www.coingecko.com\/en\/coins\/huobi-token\\\"> Coingecko<\/a>, in the last 24 hours Huobi Token rose by 8.6%, over the week by 85.1%.<\/p>\n<p>\\n\\n<\/p>\n<p>In August, Bloomberg reported that Huobi founder Leon Li <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-reports-sam-bankman-fried-and-justin-suns-interest-in-buying-huobi\">was in talks to sell a 58% stake in the company<\/a>, valuing it at $2-3 billion. \u00a0<\/p>\n<p>\\n\\n<\/p>\n<p>Among the potential buyers were Sun and FTX chief Sam Bankman-Fried. The latter later<a href=\"https:\/\/u1f987.com\/en\/news\/sam-bankman-fried-denies-plans-to-acquire-huobi\">denied his interest<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\u201d\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 news on cryptocurrencies, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The founder of the Tron Foundation, Justin Sun, told Bloomberg in an interview that he is a major holder of Huobi&#8217;s HT tokens and plans to increase their value.<\/p>\n","protected":false},"author":1,"featured_media":68569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[230,1302],"class_list":["post-68568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-huobi","tag-justin-sun"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=68568"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68568\/revisions"}],"predecessor-version":[{"id":68570,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68568\/revisions\/68570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/68569"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=68568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=68568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=68568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}