Hedera's Q3 2026 forecast includes a looming 4.07 billion HBAR (worth approximately $268 million at current prices) slated for release, a figure that has been pushed forward for three consecutive quarters without being distributed. This massive overhang arrives as the network's eight-year treasury-funded model nears its end, with roughly 95% of the funds already allocated and daily network fees generating just $1,354—far below the levels needed to sustain a project with a market cap near $3 billion.
In a potentially pivotal development, HBAR achieved full EVM compatibility, opening the network to Ethereum's vast developer base. The technical upgrade triggered a sharp price bounce from June lows, pushing the token above the 20-day EMA and resulting in a short squeeze. On July 23, Hedera traded at $0.07314, up 0.38%, as traders weighed the benefits of the EVM integration against the sustainability concerns posed by the pending treasury release.
