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Hedera's HBAR price drops 10% after Hitachi leaves its council, erasing gains from IBM news.

Market News
08 Oct 2026, 06:25 WIB
CryptoTicker
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Bearish
Hedera's HBAR price drops 10% after Hitachi leaves its council, erasing gains from IBM news.

Hedera's cryptocurrency HBAR fell about 10% over the past week, returning to pre-IBM news levels after Hitachi's unexpected exit from the Hedera Council was noted. The council, which governs the network and includes major companies like Google and IBM, lost one of its 34 members, signaling potential concerns about the network's corporate backing. Despite the price drop, the network's operations remain stable, and the impact depends on whether new members join or others leave. Investors should watch key price levels and the amount of USDC stablecoin held on Hedera for signs of future momentum.

Hedera's HBAR has a market cap of Rp73,43 trillion and a circulating supply of 44 billion tokens, about 88% of the total 50 billion. On Pluang, HBAR trades at Rp1.668 with a 1-day decline of 3.33% as of Oct 08, 2026 10:42 WIB. Despite recent council changes, typical hold time on Pluang remains 57 days and order activity favors buying at 69%.

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