- Renowned CEO HT Takes Action Against Individual Hindering Token’s Growth.
- Justin Sun Reveals Future Plans Following Statements About Huobi Exchange’s Token HT.
In a recent Twitter post, the well-known CEO revealed that during the initial launch of the HT token, Huobi’s founder Li Lin provided a significant number of free HT tokens to his brother, Li Wei. Wei then allegedly manipulated the price by continuously selling these tokens, causing a downward pressure on the market.
Sun mentioned that the community took collective action to address this issue and initiated negotiations to reclaim and eliminate the HT tokens held by Wei. He emphasized that this step was taken to ensure fairness and to protect the best interests of the HT token community.
We plan to engage with Li Wei to negotiate a refund and arrange for the destruction of his remaining HT tokens. This action is not only a matter of justice but also serves the best interests of everyone in the HT DAO community.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 16, 2023
Following Sun’s announcement, the HT Token, which had seen a 33% decline since April, witnessed a 10% increase in its value.
This information is for general knowledge only and should not be considered as advice for investing or making financial decisions.