The post HBAR Price Explodes After ETF Filing, 50% Rally Loading? appeared first on Coinpedia Fintech News
Despite massive price drops across the crypto market, HBAR, the native token of Hedera, is making waves with its impressive price performance. Today, March 4, 2025, the asset has soared over 10% in the past 24 hours and is currently trading near $0.24, seemingly reclaiming its crucial support level of $0.25.
Why is HBAR Price Rising?
The potential reason behind HBAR’s impressive price rally is the recent Spot Exchange-Traded Fund (ETF) filing by the asset management giant Grayscale. Additionally, Nasdaq assisted the asset manager with the filing process.
HBAR Sees $12 Million in Exchange Outflows
With the filing, investors and long-term holders have shown strong interest, as reported by the on-chain analytics firm Coinglass.
Data from the spot inflow/outflow revealed that exchanges have witnessed an outflow of over $12 million worth of HBAR in the past 24 hours. Thi
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