Hedera Hashgraph's HBAR token fell nearly 3% to $0.21, breaching a key support level amid significant institutional selling. The decline was driven by a reduction in holdings of enterprise-focused cryptocurrencies, reflecting caution in the face of evolving blockchain regulations. Heavy afternoon selling saw trading volume surge to nearly 55 million tokens, with a peak of 5.9 million tokens traded in the final hour. This activity suggests ongoing market rebalancing by institutional investors, as the token briefly rebounded before hitting an intraday low.