Hedera’s native token, hbar (Hbar)shopped higher after being added to GRAYSCALE SMART CONTRACT Platform Fund .
Hbar, up approx. 2% during the last 24-hour period, replaced polkadot (Dot) In the fund that rebalanced Monday.
The token traded with $ 0.1614 at the press time, which is approx. 11% over the past seven days.
“In accordance with Coindesk Smart Contract Platform Select Capped Index Methodology, Grayscale has adjusted GSC Funds portfolio by selling polkadot (Dot) and existing fund components in relation to their respective weightings and using the cash revenue to buy Hedera (Hbar) And existing fund components in relation to their respective weightings, ”Grayscale wrote in a statement Monday.
HBAR carries a 5.8% weight in the fund with other additions including Ether (ETH), Solana (Sol), Cardano (ADA), Sui (Sui) and Avalanche (Avax).
Token’s performance in the final trade time illustrated sophisticated market dynamics with a controlled range of 2%that suggests professional money management rather than retail specations.
Trade volumes of 77.7 million, 145.7 million and 97.5 million during the afternoon hours exceeded the daily average, indicating that sophisticated market participants accumulate positions in front of potential business messages.
