HBAR Drops 5% Due to Whale-Induced Selloff

Hedera Hashgraph’s HBAR token suffered significant losses during a turbulent 24-hour period from September 14 to 15, declining 5% from $0.24 to $0.23. The trading range widened by $0.01, often associated with substantial institutional activity, as aggressive corporate selling overwhelmed support levels. The most dramatic decline occurred between 07:00 and 08:00 UTC on September 15, when concentrated liquidations pushed prices down after several days of resistance around $0.24.

Institutional trading volumes surged during this period, with over 126 million tokens exchanged on the morning of September 15—almost three times the usual volume for corporate flows. Market observers attributed this spike to portfolio rebalancing by large stakeholders, with concerns about enterprise adoption and increasing regulatory scrutiny creating an environment for the selloff.

Recovery attempts appeared during the last hour of trading, as corporate buyers tested the $0.24 level but ultimately retreated. Between 13:32 and 13:35 UTC, an accumulation effort saw 2.47 million tokens deployed to establish a price floor. However, buying momentum weakened, leading HBAR to settle back at $0.23.

This volatility highlights the token’s susceptibility to institutional selling events. Analysts note that the failed breakout above $0.24 confirms fresh resistance, with $0.23 now acting as a key support zone. The surge in volume indicates that major corporate players are repositioning ahead of regulatory developments, leaving HBAR’s short-term outlook contingent on whether enterprise buyers can maintain defenses above critical support.

Technical Indicators Summary

• Corporate resistance levels established at $0.24, where institutional selling pressure consistently outweighed enterprise buying interest across multiple trading sessions.
• Institutional support emerged around the $0.23 level, where corporate buying programs systematically absorbed selling pressure from retail and smaller institutional participants.
• The unprecedented trading volume surge to 126.38 million tokens during the 08:00 morning session reflects enterprise-scale distribution strategies that overwhelmed corporate demand across major trading platforms.
• Subsequent institutional momentum proved unsustainable as systematic selling pressure resumed between 13:37-13:44, driving corporate participants back toward $0.23 support zones with sustained volumes exceeding 1 million tokens, indicating ongoing institutional distribution.
• Final trading periods showed reduced corporate activity, with no recorded volume between 13:13-14:14, suggesting that institutional participants adopted defensive strategies as HBAR consolidated at $0.23 amid enterprise uncertainty.

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