HT holders before the dump

Huobi’s HT token, the native token of the cryptocurrency exchange, momentarily dropped 93% for reasons that are unclear. And then quickly rebounded. Some details in news coverage: https://www.coindesk.com/tech/2023/03/09/huobis-ht-token-suddenly-drops-93-then-rebounds-just-as-quickly/

What's interesting from data visible in Sanbase, is that retail HT holders have increased their holdings sharply just a day before the dump happened:

Who decreased HT exposure the same time? Bigger whales did. See for yourself: https://app.santiment.net/s/alcKHlct

Coincidence? Have no idea.