Hedera’s local token Hbar (HBAR)Transactions higher after being added to the Grayscale Smart Contract Platform Fund .
HBAR has grown by about 2% in the past 24 hours, replacing Polkadot (point) Among the fund, the fund rebalancing on Monday.
As of press time, the tokens were trading at $0.1614, up 11% over the past seven days.
“According to the Coindesk smart contract platform, Grayscale adjusted the investment portfolio of the GSC fund by selling Polkadot (point) and the existing fund components are proportional to their respective weights and purchase Hedera using cash proceeds (HBAR) “The existing fund components are proportional to their respective weights,” Grayscale wrote in a statement Monday.
HBAR weighs 5.8% in the fund, other increases (ETH)Solana (Sol)Cardano (ADA)Sui (SUI)and avalanche (avax).
The performance of the token in the last trading session illustrates complex market dynamics with a control range of 2%, indicating professional fund management rather than retail speculation.
The volumes in afternoon hours were 77.7 million, 145.7 million and 97.5 million, significantly surpassing the daily average, indicating that mature market participants are accumulating positions before potential business announcements.
