Helium

Sell pressure. Since Aug 6 2026 a voted fund mints 196,000 HNT a day for Nova Labs: 11.56M in 90 days, on top of 2.56M of network rewards.

Buy pressure. Data use burned 2.79M HNT, but the burn faded after a big carrier left on Aug 31.

Net. Net, supply grew about 5.85% in 90 days and is on track for about 9.82% next.

Inflation

Last 90 Days

+5.85%

checked · Oct 4 2026

Net flow: 5.85% of supply goes to market over 90 days

Next 90 Days

+9.82%

estimate

Net flow: 9.82% of supply goes to market next 90 days

Supply growing · projected to keep growing

Sell pressure

1. Protocol inflation

~2.56M HNT

Hotspots and stakers are paid in new HNT every day. The halving schedule pays 20,548 HNT a day (7.5M a year since Aug 1 2025; the next cut is Aug 1 2027), and the network also re-mints up to 1,644 HNT a day of what was burned. From Jul 20 to Aug 28 2026 an extra 558,188 HNT was minted to keep hotspot pay at its floor; none since. Total for the 90 days: 2,555,449 HNT. About 2.00M is expected next.

checked · Oct 4 2026

2. Vesting unlocks

Nothing vests. HNT had no pre-mine: every coin was mined into existence since 2019, the early founder and investor share was paid out of mining long ago, and circulating supply equals total supply.

checked · Oct 4 2026

3. Foundation + unscheduled unlocks

Tracked team-held HNT: Nova Labs' new-fund wallet (774,200 HNT now; it has passed on 10.84M of the 11.61M it received since Aug 6 2026), a Nova treasury wallet (1.54M), Nova's data-credit wallet (180,720), the council wallet (2,450), and the two network treasuries that back the old MOBILE and IOT tokens (5.29M and 2.28M). All of it already counts as circulating, so moving or selling it adds nothing new here.

checked · Oct 4 2026

4. Long-term locked or bankruptcy

No estate or trustee pays HNT out. Coins locked for voting (veHNT) still count as circulating, so locks ending add nothing new.

checked · Oct 4 2026

5. New-fund mint for Nova Labs

~11.56M HNT

A holder vote in July 2026 (HIP-149) added a second mint: 196,000 HNT a day since Aug 6 2026 — 193,550 to a Nova Labs multisig for operations and growth, 2,450 to five elected council members. It runs flat until Jul 31 2027, then shrinks to zero by Jul 2029: about 141M HNT in all. 11.56M was minted in this window; 17.64M is due in the next 90 days. Nova pledged to prefer private sales with lockups.

checked · Oct 4 2026

Buy pressure

1. Programmatic buyback

No buyback runs. Nova Labs stopped buying and burning HNT with phone-plan revenue in early January 2026, and the phone business itself was sold to Noble Mobile in 2026.

checked · Oct 4 2026

2. Protocol fee burn

~2.79M HNT

Data on the network is paid in Data Credits, and the only way to make them is to burn HNT. 2,789,946 HNT was burned in the 90 days, about 44,900 a day in July and August. Then T-Mobile traffic left the network on Aug 31 2026 and the price rose, so the burn fell to about 10,500 a day, and to about 335 a day since Sep 23 while the carrier account uses up stored credits. The next 90 days use the September rate: about 633K.

checked · Oct 4 2026

3. Foundation buy

No announcement or on-chain flow this window shows Nova Labs, the Helium Foundation or any treasury buying HNT. Nova's wallets only sent HNT out.

checked · Oct 4 2026

4. New long-term lock

Holders lock HNT for votes and staking rewards, but locked HNT still counts as circulating, so new locks take nothing out of the float.

checked · Oct 4 2026

Supply check · sell, buy & net

Last 90D

Next 90D

Sell total (M HNT)

14.119

19.637

Buy total (M HNT)

2.790

0.633

Sell % of circ

+7.294%

+10.144%

Buy % of circ

+1.441%

+0.327%

Net inflation %

+5.852%

+9.817%

Circulating supply: 193.589M HNT

Read the full Inflation Analysis

HNT: a voted fund now mints 196,000 new coins a day, and the burn has faded.

Long-form mechanism walk. ~5 min.

Metric 2 of 3

HNT · Coin Demand

Two sides: how much people want HNT right now, and how much buying could come later.

0.5 / 5Very low

Current demand0.5 / 2.5

This part is based on social media. It shows how hot HNT is right now. A better rank means more people are talking about it.

Today, people are talking about HNT for two reasons:

1
Wakefern grocery stores are joining the Helium network.
On Oct 8 2026, Helium said Wakefern, a $20.7 billion grocery co-op, is turning its store Wi-Fi into a network that carries phone carriers' traffic and earns money. HNT trades near $0.45. People ask how much traffic and income these stores can add.
2
Alabama's 100,000-fan stadium now carries phone traffic on its Wi-Fi.
On Oct 6 2026, Helium said Bryant-Denny Stadium's Wi-Fi now carries game-day carrier traffic, taking load off busy mobile networks. The stadium fills with about 100,000 fans on game days. People ask whether big venues like this can bring steady demand to Helium.

Checked Oct 13 2026

Metric 3 of 3

HNT · Price DriversBeta

The few things that can move HNT's price that supply and demand miss.

1 · Carrier partners

Watch

More carriers sign → price upCarriers walk away → price downnow

Feb 20 2025Movistar Mexico deal
Apr 24 2025AT&T joins network
Dec 10 2025Brazil JV with Mambo
Jun 2 2026Mobile sold to Noble
Aug 31 2026US carrier pilot ends
Today

A US carrier pilot ended Aug 31; AT&T and Movistar remain

Data

Date	What happened / what is coming
Feb 20 2025	Movistar Mexico deal
Apr 24 2025	AT&T joins network
Dec 10 2025	Brazil JV with Mambo
Jun 2 2026	Mobile sold to Noble
Aug 31 2026	US carrier pilot ends

Checked Oct 10 2026

2 · New CEO's plan

Watch

Plan wins carriers → price upPlan stalls → price down

Jun 4 2026Di Dio becomes CEO
Aug 7 2026Earnings floor starts
Aug 18 2026Deployer fees cut to 0
Aug 28 2026CEO warns of user drop
Sep 1 2026HeliumOS launched
Today

New CEO since Jun 4 2026 pivots Helium to carrier platform

Data

Date	What happened / what is coming
Jun 4 2026	Di Dio becomes CEO
Aug 7 2026	Earnings floor starts
Aug 18 2026	Deployer fees cut to 0
Aug 28 2026	CEO warns of user drop
Sep 1 2026	HeliumOS launched

Checked Oct 10 2026

Should you buy HNT? Questions about HNT

Should I buy Helium now, or wait?

Supply and demand point to a negative long-run signal for Helium (Oct 15 2026, score 0.5/10). Helium adds +9.82% new supply in 90 days, and demand reads very low (0.5/5). Helium's price drivers: 0 ▲ price up, 1 ▼ price down.

What changed at Helium after its new CEO came in?

A new direction. Since Jun 4 2026 the new CEO has turned Helium toward being a platform for phone carriers. Results look mixed so far: one US carrier pilot ended Aug 31, while AT&T and Movistar remain. For Helium, the supply-and-demand signal is negative right now.

How big is Helium's market cap, and what weighs on HNT?

Small: about $0.098B on Oct 10 2026. What weighs most is new coins: HNT supply grows +9.82% in 90 days and +39.19% over a year. With demand very low (0.5/5), each holder's slice likely keeps shrinking. That leaves Helium's long-run signal at negative, by supply and demand.

Could Helium ever hit $1,000?

Helium trades near 50.6 cents (Oct 15 2026). $1,000 a coin means a $194B market cap, 1,975 times today's $98M. Helium's supply also grows +39.19% in the next year, so every extra coin needs buyers too. Our supply-and-demand read for Helium stays negative.

Should I sell my Helium now?

We would read Helium differently if new supply keeps arriving (+9.82% in 90 days), or demand falls from very low, or Carrier partners keeps pointing down. Until then Helium's signal stays negative.

Is Helium a good long-term investment?

Helium scores 0.5/10 on our framework (Oct 15 2026): supply 0/5 (extreme), demand 0.5/5. Over the next year Helium's supply changes +39.19%. The long-run signal is negative.

How do I know when to buy Helium?

Supply and demand favor Helium most when little new supply is coming, demand is strong and the price drivers point up. Right now Helium has +9.82% new supply in 90 days (extreme), demand very low (0.5/5), drivers 0 ▲ / 1 ▼.

Will Helium go up in 2026?

Helium's price drivers today: 0 pointing up, 1 pointing down, out of 2. ▼ Carrier partners: A US carrier pilot ended Aug 31; AT&T and Movistar remain • New CEO's plan: New CEO since Jun 4 2026 pivots Helium to carrier platform

Is Helium a better investment than Bitcoin?

Helium: negative signal, 0.5/10 · Bitcoin: positive signal, 8.5/10 (Oct 15 2026). By supply and demand, Helium reads weaker than Bitcoin today.

Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →

How does MrNasdog judge every coin, and why is +9.82% shown in red?

We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. HNT supply grows +9.82% in the next 90 days, so it shows in red: more HNT reaches the market than is removed. Zero or falling supply is always green, any growth is red.

What do Watch HNT alerts cover?

One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.

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