• Emerging reports show that Justin Sun could be ready to sell the Huobi exchange.
• TRX remains unaffected by the development, but HT might face severe withdrawals.

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.

The ever-present salesman in TRX and HT

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. Sun remains one of the largest shareholders in the company. But the crypto coverage section of the news platform noted that the valuation remained unclear.

Interestingly, the development has had little to no effect on the TRX and HT prices. According to CoinM

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Author: Victor Olanrewaju

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