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I just saw that Helium paused the repurchases of HNT. Founder Amir says that with the market apathy, it's better to use those funds to grow the business instead of buying back tokens. It makes sense, although it causes some noise in the community.
The interesting thing is that in October they generated $3.4 million in revenue, so it's not due to a lack of cash. It's more of a strategic shift: they see that the market isn't responding to the buybacks as they expected. Right now, HNT is at $1.03, down 0.90% in 24 hours, and the market cap is around $189 million.
I don't know if it's a smart decision or if the market simply isn't giving them love. What do you think, was it necessary to stop the buybacks or should they continue?