The cost of Tron (TRX), the eighteenth biggest token by market capitalization, tumbled Friday in the midst of pressures at crypto trade Huobi as the more extensive crypto market rose.

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Tron founder Justin Sun sits on Huobi’s advisory board. The exchange said Friday it will cut its headcount by 20% and require employees to take their salaries in stablecoins

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It also closed internal staff communication channels to quell a rebellion, according to reports on Twitter.

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TRX fell nearly 8% early Friday before it settled back to a 1.6% loss in the past 24 hours, data showed.

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The price is above a support level of 5 cents, and if it drops below that, the tokens could slip to as low as 3 cents, price charts show.

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The price is above a support level of 5 cents, and if it drops below that, the tokens could slip to as low as 3 cents, price charts show.

Credit-Getty images

Credit-Getty images