• Justin Sun is in discussions to sell some of his stakes in crypto exchange Huobi Global.
• Despite the purchase by Justin Sun, Huobi token continues to decline.
• Justin Sun has denied any talks of selling stakes and turned it into an April Fool’s Day prank.
Justin Sun Buying Stake in Crypto Exchange Huobi
Justin Sun, founder of the Tron cryptocurrency, has recently purchased a stake in the crypto exchange Huobi Global. This purchase comes despite the fact that the trading volume of the Huobi token has been on a steady decline since then.
Discussions About Selling Some Stakes
On April 1st, rumors started circulating that Justin Sun was in talks with potential investors about selling some of his stakes in Huobi Global. However, he quickly denied these claims and stated that no buyers were being sought for the exchange. He also joked that this was an April Fool’s Day prank.
Offer To Buy Seized Bitcoin From US Government
In addition to buying a stake in the crypto exchange, Justin Sun offered to buy 41K Bitcoin from the US government which had been seized previously as part of an ongoing investigation into illicit activities related to cryptocurrencies. It is unclear whether or not this offer will be accepted by the government at this time.
Continued Decline Since Purchase
Despite buying a stake in Huobi Global, its associated token continues to suffer from declining trading volumes since then. At the time of writing, it is currently trading at $3.66 with a 0.40% decrease over 24 hours according to CoinMarketCap data.
Conclusion
While there have been rumors about Justin Sun selling some stakes in Huobi Global, he has denied these claims and turned it into an April Fool’s Day joke instead. Nevertheless, its associated token continues to suffer from declining trading volumes since his purchase last year and remains outside the top 10 exchanges according to recent data from CoinMarketCap sources