Helium’s Native Token HNT Plummeted 23% and Will Be Delisted by Coin An

03/18/2023 23:42 • Metaverse Matters • 94 views

According to reports, the native Token HNT of Helium, the encrypted wireless network, fell more than 23% on Friday, and Coin An plans to delist it from the exchange. “From March 23rd, users will not be able to trade the token,” Binance, the cryptocurrency exchange, said in a statement.

HNT has fallen 17% in the past 24 hours

Analysis based on this information:

The news regarding the Helium cryptocurrency market is not good. Helium’s native token HNT has recently taken a massive hit. According to reports, HNT plummeted more than 23% on Friday. Furthermore, Coin An, one of the leading cryptocurrency exchanges, has announced a delisting of the token, which will be of great concern for investors holding this asset.

The reason behind this sudden market fall and the delisting notice could be due to a range of factors, including market volatility, the token’s performance, and broader regulatory concerns. The HNT token has been struggling for around two months to maintain its price, which has led many to believe that this market correction was long overdue.

Moreover, the delisting of the token from the Coin An exchange is undoubtedly concerning for holders of HNT. Coin An is a highly trusted and respected platform, and any asset that is delisted by them can have a significant impact on the market. It is highly likely that other exchanges will follow suit, which could put even more pressure on Helium’s token price.

Binance outlined that users will no longer be able to trade HNT from March 23rd, which is very concerning. Therefore, investors will need to be careful about how they proceed with HNT tokens in the coming weeks.

In conclusion, this event is highly indicative of the perils that face investors within the cryptocurrency market. It is a highly volatile market with various regulatory and market forces at play. Potentially, more tokens could experience similar market corrections or be delisted from exchanges if their performance does not improve. Helium’s HNT token may have once been a highly lucrative asset, but currently, this is no longer the case.

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Helium’s Native Token HNT Plummeted 23% and Will Be Delisted by Coin An

HNT has fallen 17% in the past 24 hours

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