HBAR jumps 27% after Hedera app lands on IBM Cloud
Hedera's HBAR rose about 27% in a day to near $0.12 after IDTrust, an identity app built on Hedera, was listed in the IBM Cloud Catalog.
Hedera's HBAR was one of the best performers among the top 30 coins on Monday and into Tuesday, 29 September 2026. It rose about 27% in 24 hours to around $0.12, while Bitcoin slipped close to 2% over the same period. The move followed news that an identity app built on Hedera is now sold through IBM's cloud marketplace.
Key takeaways
- HBAR gained about 27% in a day and roughly 63% over 30 days.
- The trigger was IDTrust, a Hedera-based identity platform, being validated by IBM and listed in the IBM Cloud Catalog.
- Trading volume jumped to about $800 million in 24 hours, many times its usual level.
- HBAR is still about 79% below its September 2021 record of $0.5692.
What IBM actually listed
The Hashgraph Group, a Swiss technology company based in Schwyz, said on 23 September that its product IDTrust had been validated by IBM and added to the IBM Cloud Catalog, the marketplace IBM's business customers use to find and buy software. The firm says it is the first commercial Hedera-based enterprise app offered there. It has also become an IBM Silver Partner and signed an agreement that lets IBM bundle its software.
IDTrust is built to verify identities, including the identity of AI agents, a new area sometimes called "know your agent". It is designed to fit Europe's eIDAS 2.0 digital identity rules and is already used by a European telecom company.
It is worth being clear about what this is. IBM has not bought HBAR, and IBM Cloud does not run on Hedera. A third-party app that uses Hedera is now easier for IBM customers to buy. IBM is, separately, one of the big companies on Hedera's governing council, which helps explain why traders read the listing as a vote of confidence.
Other reasons for the rally
- Short squeeze. Many traders had bet on HBAR falling. As the price rose, their positions were forced shut, which meant buying more HBAR and pushing the price higher still.
- Altcoin rotation. Chainlink, The Graph and Immutable also posted double-digit gains while Bitcoin stayed flat. Money is moving into older, lower-priced large caps.
- AI talk. Posts about Hedera council members joining AI safety work drew extra attention on social media.
HBAR at a glance
| Item | Figure |
|---|---|
| HBAR now | $0.1180 (₹11.33) |
| Move since the pre-rally price of about $0.0956 | +23% |
| Market value at the peak of the move | About $5.33 billion (around #25) |
| Supply in circulation | About 43.83 billion of 50 billion maximum |
| All-time high | $0.5692 (September 2021) |
What Indian investors should keep in mind
A 27% jump in one day on partnership news often gives back part of its gain once the short squeeze ends. HBAR has spiked on enterprise announcements before and then faded. If you already hold it, a move like this is a chance to check whether your position size still makes sense. If you are thinking of buying now, you would be buying after the jump, not before it.
HBAR is listed on the main Indian exchanges. Profits are taxed at a flat 30% and 1% TDS is cut when you sell. Track the rupee price on Hedera price in INR or the full HBAR coin page, and read our simple guide to Hedera for how the network works.
FAQ
Why did HBAR go up today?
Mainly because IDTrust, an identity app built on Hedera, was validated by IBM and listed in the IBM Cloud Catalog. Short sellers being forced out added to the move.
Did IBM buy HBAR?
No. IBM listed a third-party app that runs on Hedera. IBM is also a member of Hedera's governing council, but it has not announced any HBAR purchase.
How far is HBAR from its all-time high?
About 79% below its record of $0.5692, set in September 2021.
This article is AI-assisted, educational and general in nature. It is not financial advice and never a guarantee of profit. Every trade is at your own risk on your own exchange. See our risk disclosure and editorial policy.
