Justin Sun Moving Stablecoins After Promising to Create Huobi Liquidity Fund

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Justin Sun Moving Stablecoins After Promising to Create Huobi Liquidity Fund
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Data from nansen_ai shows that justinsuntron has withdrawn $60 million in USDT, after he promised to create a $100 million liquidity fund on HuobiGlobal. thesamreynolds reports

Justin Sun is moving $60 million in USDT from one of his Ethereum wallets, after he promised to create a $100 million liquidity fund for Huobi in response to an extreme drop and then rebound in the HT token late Thursday U.S. time.

“We will continue to improve the liquidity depth of main cryptocurrencies and HT token, strengthen leverage risk warnings and liquidity capabilities,” Sun tweeted. from a 24-hour-high of $4.81 to a low of $0.31 at 21:00 UTC on Huobi’s exchange, according to data from TradingView.

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