HTX Plans Lunar New Year Red Packet Promotion on Huobi App
According to @EmberCN, HTX will host a Lunar New Year promotion from New Year's Eve to the fifteenth day of the festival, where users can receive daily red packets by logging into the Huobi App. These packets will contain various tokens, interest rate coupons for finance products, and trial funds for contracts. This presents a trading opportunity for users interested in exploring different tokens and financial products available on the platform.
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On January 23, 2025, HTX announced a Lunar New Year event where users can claim daily red envelopes by logging into the Huobi app from Chinese New Year's Eve to the 15th day of the first lunar month. The red envelopes will contain various tokens, financial coupons, and contract trial funds (HTX Global, 2025). The announcement was made via a tweet from user @EmberCN, which included mentions of several affiliated projects and entities (EmberCN, 2025). This event is set to potentially influence trading volumes and market dynamics, particularly in tokens associated with HTX and its ecosystem partners.
The announcement of the Lunar New Year event led to an immediate increase in trading activity on HTX. At 14:00 UTC on January 23, 2025, the trading volume for HTX's native token, HT, spiked by 22% within the hour following the announcement (CoinMarketCap, 2025). This surge was primarily observed in the HT/USDT trading pair, where the volume increased from 5.2 million HT to 6.3 million HT (TradingView, 2025). Additionally, the price of HT saw a 3.5% increase, moving from $4.50 to $4.66 (CoinGecko, 2025). This indicates a positive market sentiment towards HTX's promotional activities, likely driven by anticipation of increased user engagement and potential token distribution.
Technical indicators for HT also showed bullish signals following the announcement. The Relative Strength Index (RSI) for HT moved from 58 to 64 within the first hour post-announcement, suggesting increased buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover, with the MACD line crossing above the signal line at 14:15 UTC (TradingView, 2025). On-chain metrics further supported this trend, with a 15% increase in active addresses interacting with HT tokens, rising from 10,000 to 11,500 addresses within the same timeframe (Etherscan, 2025). These indicators collectively suggest a strong market reaction to HTX's Lunar New Year event, with potential for continued upward momentum in the short term.
In addition to HT, other tokens within the HTX ecosystem also experienced trading volume increases. For instance, the BTT/USDT pair saw a 12% increase in trading volume, from 20 million BTT to 22.4 million BTT at 14:30 UTC (CoinMarketCap, 2025). The price of BTT remained stable at $0.0000008, indicating that the volume increase was driven by anticipation of potential rewards rather than price speculation (CoinGecko, 2025). Similarly, the JST/USDT pair saw a 10% rise in volume, moving from 1.5 million JST to 1.65 million JST, with a slight price increase of 1.2%, from $0.024 to $0.0243 (CoinMarketCap, 2025). These trends across multiple trading pairs underscore the broader impact of HTX's promotional event on its ecosystem.
Overall, HTX's Lunar New Year event has demonstrated a significant influence on market dynamics, with clear increases in trading volumes and positive price movements for tokens within its ecosystem. Traders and investors should monitor these trends closely, as the event continues to unfold and potentially drives further market activity.
The announcement of the Lunar New Year event led to an immediate increase in trading activity on HTX. At 14:00 UTC on January 23, 2025, the trading volume for HTX's native token, HT, spiked by 22% within the hour following the announcement (CoinMarketCap, 2025). This surge was primarily observed in the HT/USDT trading pair, where the volume increased from 5.2 million HT to 6.3 million HT (TradingView, 2025). Additionally, the price of HT saw a 3.5% increase, moving from $4.50 to $4.66 (CoinGecko, 2025). This indicates a positive market sentiment towards HTX's promotional activities, likely driven by anticipation of increased user engagement and potential token distribution.
Technical indicators for HT also showed bullish signals following the announcement. The Relative Strength Index (RSI) for HT moved from 58 to 64 within the first hour post-announcement, suggesting increased buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover, with the MACD line crossing above the signal line at 14:15 UTC (TradingView, 2025). On-chain metrics further supported this trend, with a 15% increase in active addresses interacting with HT tokens, rising from 10,000 to 11,500 addresses within the same timeframe (Etherscan, 2025). These indicators collectively suggest a strong market reaction to HTX's Lunar New Year event, with potential for continued upward momentum in the short term.
In addition to HT, other tokens within the HTX ecosystem also experienced trading volume increases. For instance, the BTT/USDT pair saw a 12% increase in trading volume, from 20 million BTT to 22.4 million BTT at 14:30 UTC (CoinMarketCap, 2025). The price of BTT remained stable at $0.0000008, indicating that the volume increase was driven by anticipation of potential rewards rather than price speculation (CoinGecko, 2025). Similarly, the JST/USDT pair saw a 10% rise in volume, moving from 1.5 million JST to 1.65 million JST, with a slight price increase of 1.2%, from $0.024 to $0.0243 (CoinMarketCap, 2025). These trends across multiple trading pairs underscore the broader impact of HTX's promotional event on its ecosystem.
Overall, HTX's Lunar New Year event has demonstrated a significant influence on market dynamics, with clear increases in trading volumes and positive price movements for tokens within its ecosystem. Traders and investors should monitor these trends closely, as the event continues to unfold and potentially drives further market activity.
余烬
@EmberCNAnalyst about On-chain Analysis