Helium’s token, HNT, jumped 30.5% in just 24 hours, reaching $3.85. This sudden spike has traders wondering: Is this a real rally or a short-term trap?
Why Is HNT Pumping?
The main reason behind the surge is legal news. The U.S. SEC (Securities and Exchange Commission) dropped its case against Helium’s developer, Nova Labs. The SEC had accused Helium of selling unregistered securities, but now that the case is dismissed, investors see this as a big win for the project.
Key Stats at a Glance
- Price: $3.85 (up 30% in 24h)
- Market Cap: $692M (up 30.1%)
- Trading Volume: $73M (up 867%!)
- Total Supply: 179M HNT (max supply: 223M)
The huge increase in trading volume suggests strong interest—either from new buyers or traders taking profits.
What is Helium?
Helium is a decentralized wireless network for IoT (Internet of Things) devices. Instead of relying on big telecom companies, people can set up “Hotspots” (small devices) to provide coverage and earn HNT tokens as rewards.
After moving to the Solana blockchain in 2023, Helium became faster and more scalable.
Is This a Trap or a Real Rally?
- Bullish Case: The SEC case dismissal removes a major risk, and the project has real-world use (wireless networks).
- Bearish Case: A 30% jump in one day could mean a short-term hype pump, and prices might correct if traders sell.
What’s Next?
If the momentum continues, HNT could test higher resistance levels. But if volume drops, a pullback is possible. Beginners should watch the price action and avoid FOMO buying at the top.
Would you buy HNT now, or wait for a dip? Let us know in the comments!
(Note: This is not financial advice. Always do your own research.)
Further Reading:
SB1797: Illinois Moves to Regulate Crypto and Protect Consumers with New Digital Assets Bill
Join the Vaulta Giveaway on Binance and Claim Your Share of $10,000
How to Earn Commissions with the Binance News Bot in 3 Simple Steps
