Key Takeaways
What’s fueling Helium?
The price of Helium was apparently driven by token buybacks, DEX volume, and transfers. Classic crypto – where buying back your own token is the equivalent of a broke friend asking to borrow their own savings. 🤷♀️
Will HNT price reverse? 🤔
If the “inverted heads-and-shoulders” pattern held (which sounds like a yoga pose a bro tried to sell me for $999), HNT could revert. Let’s hope the “structural outlook” doesn’t just mean “we’re making this up as we go.” 🏗️🏗️
Helium [HNT] is one of the leading decentralized physical infrastructure networks (dePIN) on the Solana [SOL] blockchain. Congrats, Helium. You’re the fun part of the crypto picnic that’s not Solana’s chess set. 🐦🧩
The altcoin has risen more than 16% in the past month, thanks to its buyback program. Is this a HNT moonshot? Or just a case of crypto delirium? Either way, let’s pretend this is the beginning of an era where we’re rich. 💸🚀
The daily volume of the token spiked by 25%, hitting $17 million. But let’s be real: $17 million in the crypto world is like a small-town budget. 🏙️
Will on-chain activity and fundamentals actually help HNT’s price? Only if “fundamentals” includes a ritual of chanting “burn it all!” to crypto gods. 🔥
HNT fees vs. buyback program
Since October 20th, HNT has been repurchasing its tokens because obviously, the best way to manage supply is to play Russian roulette with your treasury. 🎯
While buybacks initially made HNT’s price “dance,” their impact toned down post-November. Classic token behavior: hype it, crack it, ignore it, repeat. 🤡➡️📉
Over the past month, $30k of HNT was repurchased. If that’s “significant,” I’m sure my toddler’s first piggy bank feels underwhelming. 💸👶
These buybacks reduce circulating supply. If only burning tokens made us richer. “RIP supply, goodbye friend!” 🕯️
Token transfer and DEX volume surge
The token transfer hit $30 million yesterday. Holy cow! That’s 3,000 times less than Bitcoin’s daily volume. We’ve hit the big leagues, Karen! 🐄
DEX trading volume spiked to $3 million – which is impressive until you realize it’s less than the cost of a carbon copy of this article. 📄
Buyside has outpowered sellside for a week. But let’s be honest: it’s just a staredown between two stereotypes of a booming market. 👀👀
On-chain facts + bullish rumors = investors holding their breath like sealife in a UPS van. 🐬📦
Helium price action analysis
HNT held above $2 support like it was holding onto a vowel during Jeopardy. 💰
The Bull Bear Power indicator is a tug-of-war. Let me guess: the bulls have stronger cafe espresso? ☕
To breakout to $4, HNT needs to close above $2.74. If it doesn’t, it’s likely doing the crypto equivalent of running on a hamster wheel. 🐹
If the market crashes below this pattern, will we have to apologize to the underwater basket weavers of 2017? 🌊🧵
In conclusion: HNT’s buyback program is wild, but crypto markets are existential. So, maybe don’t sell your house? 🏠
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2025-11-16 06:22