Helium Token Skyrockets 88% on Texas City Network Integration
The Helium (HNT) token experienced a remarkable price surge of 88% on August 29, 2026, driving its value to approximately $0.42. The market activity intensified dramatically, with trading volumes surging more than 1,183% to reach $38.3 million.
The primary catalyst for this rally emerged from the city of Celina, Texas, which transformed its municipal Wi-Fi infrastructure into carrier-grade coverage via the Helium Network. This decision allowed citizens to access 100GB of daily data allocation without requiring additional tower construction.
Bearish traders had established short positions anticipating a reversal, but their concentration of short interest developed rapidly. As a result, a significant short squeeze developed, with short liquidations exceeding $125,000, marking HNT's most severe single-day squeeze throughout 2026.