Hedera Hashgraph Token HBAR Drops 3.6% Amid Institutional Selling

Hedera Hashgraph’s native token, HBAR, experienced a 3.6% price decline within 23 hours due to substantial institutional selling pressure. This drop triggered a deepening bearish trend for the cryptocurrency and led to a critical support level being breached. 24 hours after the sell-off, Hedera’s leaders have yet to address investor concerns or provide official statements regarding the selloff. No correlated movements were observed in Bitcoin or Ethereum, highlighting HBAR’s divergence from broader market trends. The decline impacted trading volumes significantly and signals potential for further downside pressure.