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Helium
2026-09-04 08:28:27

Helium’s 5.7x rally faces a revenue reality check as HNT short squeeze meets weaker on-chain spend

Helium’s HNT token surged from a multi-year low of $0.167 on Aug. 15 to an intraday high of $0.96 two weeks later, a 5.7x move that briefly pushed its market capitalization from roughly $31 million to about $95 million. Public catalysts were clear enough: the release and passage of HIP-150, news that Celina, Texas had shifted public Wi‑Fi into carrier coverage on the network, and the launch of HeliumOS, a B2B platform aimed at carriers and MVNOs. Yet the on-chain picture was far less straightforward. Rewardable carrier offload traffic rose 2.4x year over year, from 1.26 PB in August 2025 to 3.06 PB last month, while spending on mobile traffic Data Credits fell to $263,000 in August from a March peak of $1.47 million, a drop of 82%. The article argues that the rally was driven by both genuine business developments and aggressive position unwinds. HNT perpetual funding dropped below -1.2%, weekend short liquidations reached $1.6 million, and Aug. 30 volume hit $248 million, above the token’s entire market cap at the time. That left HNT repriced to a level where future growth now has to show up in carrier offload burns fast enough to outrun new issuance.

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Helium’s 5.7x rally faces a revenue reality check as HNT short squeeze meets weaker on-chain spend
HNT
2026-08-30 06:35:53

HNT Surges Past $0.6, Up 101% in 24 Hours

According to a flash update from BlockBeats on August 30, HTX market data indicated that Helium (HNT), a cryptocurrency, broke through the $0.6 level. The token's latest quote was shown as $0.6143, reflecting a 24-hour gain of more than 101%. The update, published in the market analysis section, pointed to HTX as the data source. At the time of reporting, HNT was trading above the $0.6 mark, with the current price standing at $0.6143. The gain over the past day exceeded 100%, specifically more than 101%. No additional details, such as trading volume or market capitalization figures, were provided in the flash. While exact timestamps for the price readings were not disclosed, the general date given was August 30. The information was relayed by BlockBeats as a brief market flash. The move above $0.6 was presented as the key takeaway, along with the triple-digit percentage rise in the last 24 hours. Based on the available data, the report focused strictly on the quoted price and the percentage change.

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HNT Surges Past $0.6, Up 101% in 24 Hours
Helium
2026-08-29 12:13:39

Helium Converts Celina Municipal Wi-Fi to Cellular Coverage; HNT Jumps Nearly 100% in 24 Hours

Helium has completed a network deployment in Celina, Texas, converting the city's municipal Wi-Fi hotspots into cellular coverage. The rollout covers the Celina Public Library, the Ralph O'Dell Senior Center, and some downtown shops. Mobile phones in these areas connect automatically; no app or password is required. Amy Alexander, Celina's information technology director, said the arrangement lets the city turn existing Wi-Fi into coverage that residents can use automatically, with no need to build new cell towers. The market reaction was swift. Within 24 hours of the announcement, Helium's HNT token climbed nearly 100%, and its market capitalization increased by about $37 million. Data cited by BeInCrypto shows that HNT traded around $0.42 at the time, with single-day turnover close to $44 million. That figure represents more than half of the token's roughly $79 million market cap. Celina's network currently carries about 100 GB of daily traffic. Techub News reported the development, citing BeInCrypto.

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Helium Converts Celina Municipal Wi-Fi to Cellular Coverage; HNT Jumps Nearly 100% in 24 Hours