By CoinMarketCap
Publication Date: 2026-09-28 09:05:00
Hedera’s (HBAR) Surge: Unpacking the Recent 12-13% Move
Hedera’s (HBAR) 12-13% price increase over the last 25 hours is likely driven by the market’s continued reaction to the IBM-backed IDTrust identity partnership, amplified by momentum trading and altcoin rotation, rather than a new announcement.
IBM / IDTrust Partnership as the Main Fundamental Driver
The primary catalyst for Hedera’s recent gains is the partnership between IBM and The Hashgraph Group, which brought the Hedera-based IDTrust identity platform to the IBM Cloud Catalog. This move positions Hedera as a key player in enterprise identity and AI governance, with IBM, FedEx, and other large enterprises already part of its governing council. HBAR’s 21.9% increase over the last 7 days and 13.2% rise in the last 24 hours, with a market cap near $4.73 billion and 24-hour volume around $324 million, suggests the market is rerating Hedera’s enterprise narrative.
Strong Outperformance in a Mixed Broader Market
While the total…
