HBAR Declines 2% Even After Wyoming Greenlights Stablecoin Push

HBAR Selloff Deepens as Stablecoin Catalyst Fails to Lift Sentiment

Hedera secured a regulatory milestone this week, with Wyoming selecting its network to issue the state-backed Frontier Stable Token (FRNT). Yet HBAR investors largely shrugged, pushing the token lower after a failed rally.

HBAR gained 6% in early trade, moving from $0.21 to $0.22, but sellers quickly overwhelmed the market. A breakdown at $0.22 triggered cascading stop-losses, with volumes spiking threefold to 6 million tokens in just minutes. Daily turnover hit 77.6 million, double the norm.

While Wyoming’s choice underscores Hedera’s institutional credibility, price action suggests broader weakness. HBAR is down 12% this month, with social metrics sliding 55% and professional traders retreating, as reflected in the Smart Money Index’s drop to 1.108.

Unless $0.19 support holds, Hedera risks extending losses despite its stablecoin endorsement. The market’s muted response signals that adoption headlines alone may not be enough to shift sentiment without renewed retail and institutional demand.