HNT Skyrockets 88% as Texas City Joins Helium Network

The Helium Network token, HNT, experienced an unprecedented price surge of 88% on August 29, 2026, after news broke that the city of Celina in Texas had integrated its municipal Wi-Fi infrastructure with the Helium Network.

This rapid expansion led to a significant short squeeze, as bearish traders anticipated a reversal. However, their bets were largely liquidated, resulting in a substantial payout of over $125,000 for short sellers.

The weighted funding rate plummeted to -0.63%, indicating that short position holders paid substantial fees to maintain their bearish bets. This move represented HNT's largest single-day squeeze throughout 2026.