Huobi

According to Nansen, the highest outflows were from stablecoins addresses (USDT and USDC) and Ethereum (ETH) wallets with high balances.

In the last 24 hours, Huobi's trading volume and the value of its native token has crashed by 20% and 6%, respectively.

The exchange pointed at the declining trading activity on Huobi as the reason for this decision.

Solana-based memecoin BONK airdropped over 50% of its total supply across 25 holders out of roughly 98,000 holders of the coin — the project has yet to release an official whitepaper.

The TRON founder-turned-exchange advisor has denied rumors of mass staff cuts.

The fake Pi token reached a trading volume of $46.8 million on Huobi, becoming the most traded token on the exchange over the past 24 hours.

According to Huobi Research, Bitcoin may reach the bottom of $15000 around March 2023, which will signal the next crypto market rebound.

The Huobi exchange is set for a change of direction under new leadership with rumors of a Poloniex merge doing the rounds.