Tron Founder Justin Sun reportedly said he owns «tens of millions» of Huobi tokens and intends to help boost its value after becoming an advisor to the Seychelles-based crypto exchange.
Last week, crypto exchange Huobi announced a series of changes to the firm including the appointment of Tron founder Justin Sun as an advisor. And in the latest, Sun revealed that he owned «tens of millions» of Huobi Tokens with the intention of trying to increase its value now that he has been named to the new role.
«I would see myself as one of the biggest holders [of Huobi Tokens],» Sun said in an interview with «Bloomberg», adding that the firm could even return to the mainland China market if regulations allow.
Crypto Acquisitions
According to Sun, he hasn’t purchased a stake in Huobi’s business which announced the sale co-founder Leon Li's entire stake to Hong Kong-based asset manager About Capital last week. Separately, he and his team also reviewed assets at bankrupt crypto lender Celsius Network, though no decisions have been made on whether or not to bid.
Huobi is currently a top 10 crypto exchange globally, according to CoinMarketCap data, with over $900 million in trading volumes over the last 24 hours.
