On August 9, Huobi HTX plans to launch trading for the TOWNS cryptocurrency. Deposits are set to open the day prior.
Details of TOWNS Listing
Huobi HTX plans to list TOWNS (TOWNS) for trading on August 9 at 11:00 AM GMT+8. Deposits for this cryptocurrency will open one day earlier, with withdrawals beginning on August 10. TOWNS enables decentralized messaging via an EVM-compatible Layer 2 chain.
Expected Trading Volatility
With the start of trading TOWNS on Huobi HTX, known price volatility is expected, which is typical for new tokens. The listing facilitates initial price discovery, and traders should be prepared for potential price fluctuations in the asset.
Trader Recommendations
Traders are advised to consider potential price range risks, as Huobi HTX cautions on possible deviations in orders from previous trades. Historical data shows that EVM-compatible tokens often experience sharp fluctuations post-listing but may stabilize if they gain sufficient liquidity.
As the event approaches, market participants are recommended to monitor official communications from Huobi HTX and Towns Protocol for timely updates.
