Hedera HBAR Soars 10% as FedEx Joins Council, Signaling Major Supply Chain Integration
HBAR, the native token of the Hedera network, surged nearly 10-11% to $0.1022 after FedEx officially joined the Hedera Council. This strategic move by the logistics giant underscores the growing real-world utility of blockchain technology in global supply chains and enterprise adoption.
Trading volume spiked to $183 million as market cap approached $4.39 billion, reflecting strong institutional interest. FedEx will operate a network node, bringing its unparalleled expertise in moving over 16 million daily packages across 220 countries directly into Hedera's governance and consensus framework.
The partnership directly targets critical industry pain points: data silos, cross-border friction, and paperwork delays. Hedera's enterprise-grade distributed ledger technology (DLT) provides a transparent, immutable, and verifiable solution for end-to-end shipment data across complex multinational supply chains—a bullish signal for HBAR's long-term utility and valuation.