The Rise and Farewell of Huobi Token (HT): A Mark of an Era

When I received the news that Huobi had stopped HT spot trading, I couldn't help but feel a little emotional. The journey of HT (Huobi Token) is like an exciting drama, with climaxes, lows, twists, and now a new starting point.

Let's review the legend of HT together, as it has witnessed the changes in the crypto world from its beginning to its end.

First Encounter: Release of HT

On January 24, 2018, Huobi officially launched HT, becoming the second exchange among the top three to issue platform tokens. On February 1 of the same year, Huobi started trading HT, with an opening price of $1.01 and a highest price of $2.98 on the same day, marking a 198% increase.

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Glory: Price Peak

Amidst the IEO frenzy sparked by Binance, the prices of platform tokens surged, and HT's price rapidly climbed to a historical peak of $39.91 on May 12, 2021. Although the price subsequently declined, no one expected that this price would be the final peak for HT.

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Turning Point: Withdrawal from the Chinese Market

On October 2, 2021, Huobi announced the withdrawal of mainland Chinese users and completed the withdrawal on November 30 of the same year, which had a huge impact on HT.

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New Journey: Change of Ownership for Huobi

On October 9, 2022, Huobi changed ownership, marking the end of the era of Li Lin at Huobi and the beginning of Justin Sun's era. From the price at that time, it was evident that the market held this information. The price of HT rose from $4.05 to eventually reach $9.57, a 136% increase. On November 22 of the same year, Huobi's brand name was officially upgraded to Firecoin. However, the subsequent market trend indicated that even with the "Sun effect," it still couldn't match BNB or OKB, and it couldn't return to its past glory.

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Innovation: Birth of HTX DAO

On January 19, 2024, Huobi announced the strategic cooperation with HTX DAO and on January 20 at 14:00, it announced the upcoming launch of HTX DAO tokens and the opening of HT to HTX token exchange at 16:00. As a result, HT closed at a price of $1.8246.

This marks a new chapter, a fresh start. The establishment of HTX DAO signifies not just a change in name, but also the beginning of a new era of self-governance for HT.

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Conclusion: Today and the Future of HT

The journey of HT is like an endless adventure, full of unknowns and challenges. Each milestone is a story, and each plot is full of suspense. Today's HTX DAO not only records the glory of HT, but also marks the beginning of endless possibilities for the future. Let's look forward to it together!

Note: This article was generated with the assistance of AI. For more AI tool usage, please click here.

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