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As per a recent chart by Kaiko, Huobi’s market share plummeted from a high of 22 percent in 2020 to a low of 4 percent in 2022. Huobi wasn’t the only one sailing on this boat. OKX endured a similar fate as its market share dropped from 21 percent in 2020 to 9 percent in 2022. Source Binance, on the other hand, was taking over the ecosystem. In 2022, Binance’s market share is currently at 57 percent. Back in 2020, the exchange accounted for just 37 percent of the market share. This particular decline for Huobi could be linked to an array of things. Starting from its exit from Thailand. The exchange was urged by Thailand’s Securities and Exchange Commission [SEC] to stop its services and even revoked its license. Soon after, rumors about Huobi founder Leon Li selling his stake in the firm began surfacing. With a 60 percent stake in the firm, Li’s decision scared several in the market. Several speculated that the now-bankrupt firm FTX or Justin Sun...

Join Our Telegram channel to stay up to date on breaking news coverage Solana (SOL) price plummets due to abandonment by developers as Cardano (ADA) sharks accumulate $83 million. Snowfall Protocol (SNW) surges to $0.14 In recent weeks, the cryptocurrency market has been volatile with some coins experiencing significant losses and others gaining heavily. Solana (SOL) has seen a major drop in value, while Cardano (ADA) has seen a surge in accumulation by large holders.  Snowfall Protocol (SNW) has experienced a multifold growth in price . In this article, we will explore the factors behind these develop ments and how they may impact the future of these cryptocurrencies. Solana (SOL) market value plunges from $1.06 trillion to $830.9 following FTX collapse Solana (SOL) has had a rough year in 2022. After reaching its all-time high of $259 in 2021, the cryptocurrency has lost a significant portion of its value, dropping 95%. Like many other cryptocurrencies, Solana (SOL) has ...