Helium (HNT): Binance Delisting and Solana Migration Cause Price Dip
Binance, one of the largest cryptocurrency exchanges, has announced that it will be delisting and ceasing trading for Helium Token (HNT) following its periodic review.
Binance stated that it delists a coin or token when it no longer adheres to its standards or when the market conditions change in order to safeguard consumers.
The delisting announcement comes ahead of Helium’s migration to Solana, a high-performance blockchain. Helium Network had scheduled the migration to Solana for March 27.
Still, it has been pushed back to April 18 to allow for community readiness, required governance votes, extra testing, and operational enhancements.
Binance will remove the HNT/BUSD trading pair and stop accepting HNT deposits on March 25. Withdrawals will be facilitated in two phases. Binance has planned to accept all requests before the migration to Solana.
The news of Binance’s delisting has taken a toll on Helium’s price, with the token losing over 18% of its value in the last day. HNT reached an all-time high in 2021, just above $53, but has since fallen by nearly 97%.
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HNT is currently trading around $1.61, which is a two-month low.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
