$HBAR Here’s why the Hedera Hashgraph HBAR price just surged The coin jumped as data showed that more HBAR tokens were leaving crypto exchanges. In most cases, token outflows from exchanges is one of the best indicators that investors are accumulating the token. In an X post, Shawn, a popular analyst, noted that there would be “very little HBAR [is] left to buy on exchanges.”

Another analyst noted that the HBAR price was rising as interest for the coin continued rising. He identified Google Trends data, which showed that more people were searching for HBAR. In most periods, an increase in Google search queries is usually a sign of traders embracing a fear of missing out.

Another possible reason why Hedera Hashgraph price is rising is that Donald Trump is considering his pick for the next Securities and Exchange Commission chair. While Paul Atkins is a leading contender, Brian Brooks, a Board member of Hashgraph, has been named. Data by Kalshi shows that Brooks has a 21% chance of being named.

Meanwhile, Hedera Hashgraph has soared after Canary Capital filed for a spot HBAR ETF. Analysts expect the SEC to approve many of these funds since Ethereum and Bitcoin ETFs have done well this year.