Helium2026-09-04 08:28:27Helium’s 5.7x rally faces a revenue reality check as HNT short squeeze meets weaker on-chain spendHelium’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.810
Helium2026-07-24 01:45:16Helium CEO Amir Haleem Steps Down as HNT Extends 96% CrashHelium founder Amir Haleem resigns as Nova Labs CEO, becomes chairman. HNT token plunges 96% over five years, mobile sale fails to reverse decline. Company faced controversy over false advertising and SEC settlement.1170
