Hedera (HBAR) Gains Institutional Traction as Canary Capital Amasses 479M Tokens
Canary Capital's HBR ETF now holds 479.8 million HBAR tokens, representing nearly 1% of Hedera's total supply. This institutional accumulation signals growing confidence in the network's long-term viability as a blockchain infrastructure play.
Technical analysts note HBAR is testing critical support at $0.10, with a successful hold potentially triggering a 40% rally toward $0.14. The token's recent consolidation NEAR this level has market participants awaiting confirmation of directional momentum.
Hedera's enterprise-focused architecture continues attracting institutional products despite crypto market volatility. The Canary ETF position alone exceeds $67 million at current prices, demonstrating material conviction beyond speculative trading.
