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BREAKING: HNT Spikes to $0.79 on Noble Mobile-Helium Mobile Deal, Then Fades BREAKING: Helium's HNT token rips to an intraday high of $0.7874 before bleeding back toward the mid-$0.65 range.
Trigger: Noble Mobile, the US telecom startup tied to Andrew Yang, closes its acquisition of Helium Mobile. 24-hour volume rockets roughly 177%. Hits about $15.29 million as traders pile in.
Key detail: the deal does NOT include the Helium Network itself. Nova Labs continues to run the decentralized wireless backbone and the hotspot network. Noble's grab is the consumer-facing telecom layer only.
Application layer, not infrastructure. Service to subscribers keeps running. The rally caught a deeply oversold tape. 7-day RSI had collapsed to roughly 22.5. HNT fails to hold the $0.79 print.
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