- Founder of DAO blockchain ecosystem withdrew stablecoins worth $80M from Huobi exchange.
- Market fluctuations were caused by a few users who triggered forced liquidation.
- HT breaks out from a descending triangle; the death cross had no negative effects on the token.
Onchain Data Analysis Tool Lookonchain revealed that Јустин Сун, the founder of the blockchain DAO ecosystem Tron, had withdrawn стаблецоинс worth $80M from Huobi exchange. The stablecoins he withdrew included $40M USDT, $20M USDC, and $20M USDD. Thereafter, Justin deposited 40M $USDT and 20M $USDC to Aave and JustLend exchange.
Source: https://coinedition.com/huobi-token-ht-flash-crash-sun-withdraws-80m-stablecoins/