Hedera Drops 12% Following Rally, Avalanche and Chainlink Retreat

Hedera (HBAR) fell 12% to $0.1048 on Thursday morning after a 30% surge earlier in the week. The rally was fueled by the addition of Hashgraph's AI agent identity tool, IDTrust, to the IBM Cloud catalog, alongside unconfirmed rumors regarding the tokenization of BlackRock's ICS money market fund via Securitize. Meanwhile, Avalanche (AVAX) declined by 6.56% to $11.32, and Chainlink (LINK) dropped 3.18% to $14.39, as the broader market saw a cooling period.