Helium Halts HNT Buybacks To Shift Focus to Network Growth

First, liquidity remains thin across many tokens. Large holders can overwhelm buybacks with single sell orders. Second, macro pressure and regulatory uncertainty have reduced long-term conviction. Third, many buybacks create short-lived pumps rather than sustained demand. Even in Helium’s case, where buybacks were backed by real revenue from mobile subscribers, price volatility persisted. That reality forced a reassessment. Importantly, Helium will still burn data credits tied to carrier offloads. This means usage-based deflation remains intact, even as discretionary buybacks end.

What Comes Next for Helium?

Going forward, Helium’s capital will fund expansion, not engineering of token price.

Key priorities include:

• Growing Helium Mobile subscribers
• Expanding the network of over 366,000 deployed hotspots
• Increasing carrier offload usage with partners like AT&T and T-Mobile

This shift reflects a broader DePIN trend. Projects are increasingly judged on real-world throughput, revenue, and adoption rather than token mechanics alone.

While some community members expressed disappointment, others welcomed the clarity. A stronger network can ultimately create organic demand for HNT without artificial support.

What This Means for HNT Holders

For HNT holders, the change removes a short-term price support mechanism. Volatility may increase in the near term, especially during low-liquidity periods.

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However, the long-term thesis remains intact if network usage continues to grow. More data flowing through Helium still means more burns. More carriers still mean more demand for infrastructure.

In other words, value creation shifts from financial signaling to operational execution.