Hedera's native token HBAR fell 3.25% to $0.1925 in the 24 hours ending October 30, following the launch of its first U.S.-listed ETF on Nasdaq. Initially, HBAR surged over 25% after the ETF announcement but reversed as traders took profits. The ETF, trading under the ticker HBR, saw $8 million in first-day volume, highlighting institutional interest despite the price decline.
Technical analysis indicates HBAR broke key support levels, with trading volume nearly 20% above average. This suggests that larger players may have been locking in gains, contributing to the token's price drop.
HBAR Drops 3.25% Post-ETF Launch Amid Profit-Taking
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