At the start of January I made an analysis about Huobi Token (HT) and the fact that there were reasons to think that the Huobi Exchange was insolvent. Please read below.
Today, HT lost 74% of its value in a mere 30 minutes, only to bounce up 220% in the following 15 minute candle.
Something's fishy. It was either a huge fat-finger from a market maker, or there's something more sinister going on , as mentioned in my previous analysis.
Caution is advised with this token and exchange.
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HT lost 74% on KuCoin, more on some other exchanges.