During the last week, large holders of HBAR have increased their positions. Accounts with at least 1 million tokens rose from 82.41 on August 16 to 84.09 on August 23. Similarly, the band of 10 million tokens increased from 106.59 to 107.86 during the same period.
At the current price of HBAR of $0.25, this increase represents a minimum addition of 1.68 million tokens ($420,000) in the 1 million band and 1.27 million tokens ($317,500) in the 10 million band.
The constant accumulation highlights the quiet confidence among whales, suggesting expectations of greater highs.
The accumulation of whales is now reflected in momentum signals. Between August 19 and 22, the price of HBAR fell from $0.23 to $0.22, marking a lower low on the chart.
However, during the same stretch, the Relative Strength Index (RSI), a momentum indicator that tracks the balance of buying and selling pressure, rose from 43 to 51 at the lower end.
This bullish divergence suggests that while the price action hinted at weakness, the underlying demand was actually strengthening. In other words, buyers were discreetly absorbing the supply even as spot prices fell, reinforcing the constant accumulation already observed among whale cohorts.
The combination of increasing whale holdings and an improving RSI points to growing conviction in the market, indicating that the recent pause may be less a sign of waning momentum and more a base for the next bullish move.