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   <li><strong>Huobi burned 1.95 million HT in Q2 2023.</strong></li> 
   <li><strong>This burn contributes to 298.9 million HT burned as of July 15, 2023.</strong></li> 
   <li><strong>In Q1, the exchange burned 827,226 HT.</strong></li> 
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  <p>Chinese reporter Colin Wu took to Twitter to share the latest development from the renowned crypto exchange Huobi. According to the tweet, Huobi burned an impressive 1,950,555 <a href="https://coinedition.com/huobi-token-ht-price-prediction/" rel="noopener noreferrer nofollow">Huobi Tokens (HT)</a> during the second quarter of 2023.&nbsp;</p> 
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     <p lang="en" dir="ltr">The cryptocurrency exchange Huobi announced that it burned 1,950,555 HT in the 2023 Q2. Huobi used 20% revenue to burn HT. This means that Huobi’s revenue in the Q2 was about 26.91 million US dollars. In the Q1, Huobi’s revenue was $16.55 million. <a href="https://t.co/yGVS5O4Bhx" target="_blank" rel="noopener noreferrer nofollow">https://t.co/yGVS5O4Bhx</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1680445230108254208?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 16, 2023</a> 
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  <p>The 1.9 million burnt tokens result from Huobi allocating 20% of its revenue towards the burning mechanism. Based on this burn amount, given that HT trades at $2.77, it can be estimated that Huobi’s revenue in Q2 reached around $26 million, a significant increase from the $16.55 million revenue reported in Q1.</p> 
  <p>This recent burn contributes to a cumulative burn total of 298,940,224 HT as of July 15, 2023, showcasing Huobi’s commitment to reducing the circulating su…</p> 
  <p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/huobi-burns-235-more-ht-in-q2-as-revenue-crosses-26-million/">Huobi Burns 235% More HT in Q2 as Revenue Crosses $26 Million</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>
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Huobi Burns 235% More HT in Q2 as Revenue Crosses $26 Million

Coin Edition

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