HNT surges 3%! Helium team switches up the game 🔥



Woke up to big news—Helium announced a major change: instead of burning tokens, they’ll do open market buybacks and establish a digital asset treasury. This move is pretty significant:

**Key Changes:**
- Before: Tokens were burned from the team treasury (gone forever)
- Now: Use earned revenue to buy back HNT (locks up liquidity + creates scarcity)
- Goal: Match the previous burn amount with buybacks to create ongoing upward pressure

**Quick Data:**
- Current HNT price: $1.74, up 3% in 24h
- Decline: Down 13% this week, down 24% this month (October low: $1.80)
- Target: $2.80 (needs to break through resistance at $2.20 and $2.60)

**Why this move matters:** Helium Mobile is gaining daily users, monthly revenue is steady, and there’s real money for buybacks. Buybacks are more attractive to institutions than just burning tokens. Plus, with the DePIN narrative heating up again, this is a well-timed move for HNT.

From an on-chain data perspective, this is a classic supply-side bullish signal. Short term, watch if $2.00 holds; long term, see if $2.80 can be broken.
HNT0.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin