Wyoming Stablecoin Victory Fails to Prevent 2% HBAR Slide

HBAR Slides as Traders Discount Wyoming Stablecoin Catalyst

Hedera achieved a high-profile regulatory breakthrough this week when Wyoming named its network as the exclusive issuer of the state’s Frontier Stable Token (FRNT). Yet investors sold into the news, leaving HBAR under pressure.

The token gained 6% early in the session but broke down in the final hour of trading, falling back to $0.22 as stop-loss triggers and institutional liquidations accelerated. Daily volumes surged to 77.6 million—twice the norm—while a two-minute spike of 6 million underscored the intensity of selling.

Despite the endorsement, HBAR’s technical outlook remains weak. The token has dropped 12% over the past month as retail flows retreat, with social metrics sliding sharply. Institutional sentiment has also soured, with the Smart Money Index falling to 1.108.

Unless $0.19 support holds, Hedera risks further declines, suggesting that adoption headlines alone may not be enough to reverse negative momentum.