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Huobi Token (HT/USD) rose another 25% on Wednesday, capping a solid weekly 58% gain. The surge happens amid positive developments for the crypto exchange.
Well, Huobi is trying to redeem itself after a challenging time in the cryptocurrency market. Peers such as Voyager and Celsius have been facing liquidity challenges. That sent panic that other crypto exchanges like Huobi could follow suit. Consequently, the Huobi native token crashed to trade at below $4 earlier this month. That is ten times less than its May 2021 high of almost $40.
As of press
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