Helium (HNT) Crashes 45% as Inflationary Governance Proposal HIP-149 Sparks Panic

Key Facts

1Helium (HNT) token value dropped nearly 45% in one week as the network faces a severe crisis.

2Governance proposal HIP-149 suggests minting 141 million new HNT tokens over 36 months and creating an advisory council.

Amid growing uncertainty within the decentralized infrastructure sector, the Helium network is facing a severe crisis of confidence that has decimated its market value. According to reports, the Helium (HNT) token dropped nearly 45% in a single week. This crash was triggered by the introduction of governance proposal HIP-149, which suggests minting 141 million new HNT tokens over a 36-month period and establishing a new advisory council.

This sharp decline occurs as DePIN (Decentralized Physical Infrastructure Networks) projects face intense scrutiny over long-term sustainability. Investors are concerned that the massive influx of new supply will significantly dilute existing holdings. Per market data, while ecosystem peers like Solana (SOL) have maintained relatively stable price action, HNT has decoupled to the downside due to these specific inflationary fears and structural governance shifts.

Traders should closely monitor the final voting results for HIP-149, as its ratification could cement long-term bearish pressure. Looking ahead, while the economic calendar is light on crypto-specific events, the speech by Fed Governor Barr on June 6, 2026, remains a key catalyst for broader market sentiment. As of the close on June 11, 2026, HNT remains at depressed levels, leaving it vulnerable to further technical breakdowns if support fails to hold.