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TRX, HT could struggle if Justin Sun’s rumored sale goes through, here’s why
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As per a new Bloomberg report, Tron [TRX] founder Justin Sun could be on the verge of selling his stake at Huobi Global, the Singapore-headquartered exchange.
Sun, who only joined the Huobi team last year to help restore the global image of the platform, faced troubles ever since.
Realistic or not, here’s HT’s market cap in TRX’s terms At one point, the exchange had to lay off staff. And several times, Huobi Token [HT] faced high sell pressure as the exchange outflow reached considerable highs.
However, Bloomberg noted that the deal was still in its early stages as Sun had only reached out to a potential investor over the last few weeks.
Read more on ambcrypto.comAbout this in other media
US court issues summons to Tron's Justin Sun, threatens default judgment if no response cointelegraph.com /1 month ago
TRX suffers after Binance announced delisting amid Sun’s legal troubles ambcrypto.com /1 month ago
LGIM’s Justin Onuekwusi poached by St James’s Place fnlondon.com /1 month ago
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