Hedera’s HBAR Jumps 10% After Grayscale Buys In and Exchange Listings Expand Reach

Hedera (HBAR)

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Key Takeaways:

  • Grayscale added HBAR to its GSC fund, allocating 5.80% of holdings to the token.
  • HBAR price surged over 10%, breaking a long-term downtrend.
  • Increased visibility, exchange listings, and celebrity endorsements suggest strong future potential.

Hedera’s native token HBAR has surged in value and visibility after being added to the Grayscale Crypto Sectors (GSC) fund. The move by Grayscale Investments has ignited bullish sentiment across the crypto community, with HBAR recording notable price gains and a surge in investor interest.

Grayscale Sells DOT, Buys HBAR

Grayscale Investments recently announced a major reshuffling within its GSC fund, selling off Polkadot (DOT) and other existing fund components. The proceeds were reinvested in proportion to the new asset weightings, with HBAR now representing 5.80% of the total fund.

Ethereum (ETH) and Solana (SOL) remain dominant, making up 30.22% and 29.87%, respectively. Still, the inclusion of HBAR, a real-world asset (RWA)-linked token, is a strong signal of growing institutional confidence in the project.

HBAR Price Spikes Over 10% in a Week

Following Grayscale’s announcement, HBAR’s price climbed to $0.16, marking a 4.7% increase in 24 hours and a 10.7% gain over the past week. This uptrend breaks a two-month downtrend and positions HBAR as one of the top-performing RWA tokens this week, according to BeInCrypto.

HBAR Price Performance
HBAR Price Performance. Source: BeInCrypto

This price momentum is also reflected in market behavior. HBAR is currently the most visited RWA cryptocurrency on CoinMarketCap, and Google Trends data shows that interest in the token peaked today, with a score of 100.

Kraken Listing and Metal Pay Support Boost Accessibility

Adding to the bullish narrative, HBAR will be listed on Kraken Exchange on July 10, enhancing liquidity and accessibility for new investors. Furthermore, Metal Pay—a platform allowing seamless crypto purchases—has also enabled the coin trading.

These developments significantly expand HBAR’s retail reach, giving it an edge as more users look for diversified digital asset exposure.

Also Read: Hedera Unveils Africa’s Largest Web3 Hackathon with $1M+ in Prizes

Investor and TV personality Kevin O’Leary recently voiced strong support for the coin, revealing he holds the asset and believes in its long-term potential. “I think HBAR is going to be big,” he stated in a recent interview, adding further credibility to the token’s growing reputation.

HBAR’s inclusion in Grayscale’s fund, along with rising search trends, exchange listings, and high-profile endorsements, have collectively energized its market performance.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.