Helium HNT

What HNT actually is on-chain

For HNT the project publishes a whitepaper, a public source repository and an active account as @helium. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where HNT sits in the market

#206 places Helium in the upper mid-cap band. This is where continuous two-sided quoting stops being guaranteed. HNT still prints regularly, but the depth behind each print thins out through the session, and the same order that barely registers in the morning can set the day's high in a quieter hour.

CryptoPingAi is currently streaming 2 live HNT order books (Gate.io, Bithumb). That is thinner coverage than a #206 ranking would normally imply — a move on one of these books is close to the whole market for HNT, with no deep second venue to arbitrage it back. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

HNT against its all-time high

HNT is more than 95% below its all-time high of $54.88 (on 2021-11-12) — a 151x gap. At this point the record has essentially no analytical value: it belongs to a different supply structure, a different holder base and often a different market cycle. The useful reference for HNT is the downside, not the peak, so the range section below matters more than this one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

HNT across its historical range

HNT has traded across a 485x range, between $0.1132 and $54.88. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

HNT trades roughly 3.20x above its record low of $0.1132 (on 2020-04-18). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

HNT supply structure

HNT is capped at 223.0 million HNT, of which only 183.6 million is circulating — 82.3% issued, leaving 39.4 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset HNT is

Helium is a base-layer network, so HNT is simultaneously the chain's security budget and its unit of account rather than a claim on a business. Value accrual runs through validator economics and through whatever activity settles on the chain itself. It is secured by proof of stake, so a portion of the supply is bonded to validators at any moment and the float genuinely available to trade is smaller than the circulating figure implies; unstaking queues, not order books, set how fast that can change.

CoinGecko files HNT under 10 categories, including Communication, Internet of Things (IOT), Solana Ecosystem, DePIN, Multicoin Capital Portfolio. CoinGecko also records deployments on Solana (3,129 tracked tokens), so its on-chain liquidity and its user base move with that network. Worth flagging from the metadata: HNT appears in the Multicoin Capital portfolio, and was held in the Alameda Research portfolio.

How to set a Helium alert that is worth receiving

Helium (HNT) — quoted on 2 venues we stream — high dated 2021-11-12 — rank #206. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →