HBAR Falls 26% From Sept. 28 Close After Late-September Rally

Hedera’s HBAR fell about 26% from its Sept. 28 close to its Oct. 8 close, giving back part of a late-September advance as weakness spread across the cryptocurrency market.

HBAR closed at $0.122014 on Sept. 28 and $0.090294 on Oct. 8. Trading volume was $108.87 million on Sept. 28 and $127.80 million on Oct. 8. The historical records use UTC date labels.

A separate price measurement put HBAR’s advance between Sept. 14 and Sept. 28 at 74.65%, from $0.075 to $0.131. Those figures represent a different set of price measurements and are not directly comparable with the UTC-dated closing prices. Available historical data also list a high of $0.13069, without an associated intraday timestamp.

The price sequence coincided with broader weakness in crypto markets, but the figures do not establish that market-wide selling caused HBAR’s decline.

HBAR is the native crypto asset of Hedera, a proof-of-stake network governed by the Hedera Council. Council members operate network nodes and vote on technology updates. The council’s listed membership includes 33 organizations, and members may serve up to two consecutive three-year terms.

Hedera added Hitachi America to the council on Jan. 15, 2024. Bill Miller, co-chair of the Hedera Council membership committee, said at the time, “DLT is now blossoming into real-world applications at massive scale.”

The move followed HBAR’s earlier break above $0.107, extending a period of heightened price activity before the subsequent retreat.