Helium's HNT Jumps 16.3%, Then Sheds 10.83% the Next Day
- —HNT closed Oct. 4 at $0.5929, up 16.30% on the day
- —On Oct. 5 it dropped 10.83% to $0.5287
- —AMBCrypto: Bull Bear Power at a six-day low, CMF in negative territory
- —No evidence the move stemmed from higher network usage
Why it matters: The sharp reversal after the rally points to speculative flows rather than growing network demand.
Source: TokenPost