- Helium announced it is exploring a digital asset treasury to acquire HNT via open-market and over-the-counter purchases.
- HNT’s price rose modestly on the news, as reports of daily HNT buybacks coincided with growing market interest in DePIN projects.
- Helium’s mechanism is designed to reduce circulating supply and could support broader upward price pressure.
Helium Network, the world’s largest decentralized physical infrastructure network (DePIN) for wireless connectivity, has regained momentum.
The project’s native token, HNT, rose about 3% after the core team released strategic updates that bolstered community sentiment.
The price move followed Helium’s official announcement over the weekend.
Why did Helium’s price rise today?
The key driver behind HNT’s gains over the past 24 hours is an outline of strategic plans shifting from internal treasury burns to open-market buybacks, along with the potential launch of a digital asset treasury (DAT).
According to the details, the goal is to increase HNT traction amid broader institutional interest. The plan includes dollar-cost averaging (DCA) buybacks after daily burns and, if successful, could scale buybacks to match burn volumes and provide consistent upward pressure.
Previously, Helium performed burns from the team’s reserves; moving to open-market purchases will preserve treasury liquidity while enhancing net supply reduction. Helium noted in a post on X:
“Soon, we will begin buying an equivalent amount of HNT from the market, rather than using the team treasury. We will execute this via daily-triggered DCA after the daily burn. We also intend to fully automate this, as we already have an automation process for daily burns. This will not affect our ability to continue ad-hoc purchases for CEX listings, AMMs, through market makers, and direct OTC transactions.”
With a growing number of Helium Mobile subscribers contributing to monthly revenue, this change could be a meaningful catalyst for HNT.
Helium price outlook: Is $2.80 the next target?
HNT fell to $1.80 on October 17 and tested that level again amid broad crypto market weakness over the weekend.
On October 20, HNT climbed nearly 3% to a 24-hour high above $2.06.
These gains came as altcoins modestly recovered following last week’s downturn that reflected losses in Bitcoin and other top tokens.
Further HNT gains will likely depend on a broader risk-on shift that helps bulls push prices up from recent lows.
Currently, Helium is down about 13% over the past week and roughly 24% over the past month. Nonetheless, the team’s strategic shift points to potential upside.
After retesting the $2.00 level, bulls could target a stronger supply zone near $2.80. Key resistance levels to watch lie around $2.20 and $2.60, and a possible cup-and-handle formation could confirm such a move.