By BigGo Finance
Publication Date: 2026-10-08 18:05:00
Hedera’s HBAR token traded near $0.092 on October 8, surrendering every cent of the 27 percent surge triggered in late September by IBM’s addition of an identity product to its cloud catalog. The pullback coincided with the quiet disappearance of Hitachi America from the Hedera Council membership roster, leaving investors to weigh whether the governance shift represents a genuine setback or merely a headline-driven wobble in an otherwise intact enterprise narrative.
HBAR was down 3.3 percent over 24 hours and 11.1 percent over the trailing week, with daily volume around $108.7 million, according to CoinGecko. The token closed at $0.122 on September 28 — the day the IBM news broke — and at $0.0998 by October 6, meaning the rally had already largely unwound before the latest leg lower. By early Thursday, the price sat exactly where it had been before the announcement.
Hitachi’s Silent Departure
The Hedera Council governs the network, with members running nodes and voting on…
