Cryptocurrency exchange Huobi handed over 74 million HT tokens to its advisor

Justin Sun was recently appointed as an advisor to Huobi as part of its restructuring plans. The exchange's token is up 6.3% as of this writing.

By the way, the incredibly bright ones may remember Justin Sun not only as an advisor to Huobi but also as the founder of Tron. Just an essential piece of information. Let it be here.

On October 14, Sun told Bloomberg News that he owns "tens of millions of Huobi tokens." He confirmed that he is one of the largest holders of HT tokens.

As an advisor to Huobi, Justin Sun said he would work to make the exchange more useful. It's not precisely fantastic to believe the rumors. Still, there is a theory that he received these tokens for his "help" in acquiring Huobi.

After all, its controlling stake was recently sold. But Justin himself denied these rumors. And now he's received 74 million tokens, which is weird, but okay. And as he states, he is the largest holder of HT (Houbi token). And he started buying it nine years ago.

Since Justin Sun joined the crypto exchange, Huobi's HT token has gained 86% in the last seven days.