What the news says ๐ฐ
Helium founder Amir announced Helium will halt HNT token buybacks due to โmarket indifference.โ
Instead of repurchasing tokens, funds may shift toward business development.
It also mentions ~$3.4M revenue in October from Helium + Mobile (as stated in the screenshot). ๐ฐ๐
Why this matters for HNT ๐ง
1) Buybacks = direct demand ๐
When a project buys its token from the market, it adds steady bid pressure. Pausing buybacks can remove a short-term price support and hit sentiment fast. โ ๏ธ
2) Reinvesting in growth can be bullishโฆ later ๐๏ธ
If those funds actually increase:
users ๐ฒ
coverage/network expansion ๐ก
real usage (data) ๐
then long-term fundamentals can improve more than a buyback ever could.
3) The marketโs message: โShow me execution.โ ๐
This move basically shifts the narrative from:
โfinancial supportโ โ to โproof of adoption.โ
How traders/investors can react ๐งญ
Watch these signals (no chart needed) ๐
Price + Volume reaction after the headline: panic dump or controlled pullback?
Follow-up confirmations: official posts, roadmap updates, spending details.
Network metrics: usage growth, Data Credit burn activity, Mobile subscriber momentum.
Possible scenarios ๐บ๏ธ
Bearish short-term: โNo buybacksโ triggers selling โ volatility spikes ๐๐ช๏ธ
Neutral: market shrugs it off โ range + chop ๐
Bullish medium-term: reinvestment drives adoption โ fundamentals lead price ๐๐
Takeaway ๐ก
Halting buybacks can hurt short-term sentiment, but if Helium converts revenue into real growth, it can strengthen the network and potentially make HNTโs value more โearnedโ than โsupported.โ ๐งฑ๐ก
#HNT #Helium #DePIN #CryptoNews #Tokenomics ๐ช๐