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Hedera HBAR Whales Scoop Up 60M+ Tokens Despite Price Stagnation
Hedera HBAR Whales Scoop Up 60M+ Tokens Despite Price Stagnation
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
HBAR, the native token of Hedera's enterprise-grade LAYER 1 network, is showing mixed signals as whale accumulation fails to spark price momentum. Wallets holding 1-10 million HBAR increased from 77 to 79 and 96 to 102 between early August and late September, absorbing over 62 million tokens from circulation.
Persistent negative exchange netflows since mid-July indicate supply contraction, yet prices remain flat. Market analysts attribute this disconnect to whales rotating holdings from exchanges to cold storage rather than new demand. Retail participation remains notably absent despite the network's strong fundamentals.
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