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$HBAR is enterprise/tokenization beta. Slower holders can make it look strong on risk off days and late on breakouts. $XDC moves on trade finance and RWA issuance headlines. The chain story can be real while the token book stays thin and jumpy. $ONDO is liquid tokenized-treasuries beta. It works when on chain T-bill demand grows; it is still crypto duration. RWA is not a free hedge.