Hedera drops 12% after 30% rally, Avalanche and Chainlink give back gains
- —HBAR dropped 12% in 24 hours to $0.1048, market cap down to $4.6 billion
- —The 30% rally to $0.13 was driven by unconfirmed reports of BlackRock tokenizing its $38 billion ICS fund
- —AVAX fell 6.56% to $11.32, LINK lost 3.18% to $14.39
- —Liquidations over 24 hours hit $197.8 million, with $125.6 million in longs
Why it matters: HBAR's rally rested on an unconfirmed BlackRock report, highlighting how fragile altcoin gains built on rumors can be.
Source: Journal du Coin