Hedera Gives Back Three Quarters of the IBM Rally: What Is Going On With HBAR?

Hedera’s HBAR price surged 27% on Sept 28 driven by IBM/Hashgraph IDTrust news, then retraced about 16% on Sept 29 as traders booked profits. The IBM listing boosted interest and volume (Kraken daily turnover dropped from 311.1M to 156.2M the next day), but no Hedera-specific new announcements followed. The piece highlights that price moves may outpace measurable network effects, with caution on tax and trading mechanics in Germany. Hedera remains a top mover, but fundamentals lag price action.