Helium Surges 88% Following Major Network Expansion in Texas

Key Facts

1Helium (HNT) price surged 88% to approximately $0.42 on August 29.

2The rally was triggered by a major network adoption announcement in Texas.

In a move highlighting the growing integration of blockchain into physical infrastructure, Helium (HNT) experienced an exceptional rally driven by institutional adoption news. According to reports, the token's price surged 88% to approximately $0.42 on August 29, 2026. This momentum followed an announcement that Celina, Texas, has transitioned its citywide WiFi infrastructure into carrier coverage powered by the Helium network, boosting optimism regarding real-world utility.

The rally was accompanied by intense activity in both spot and derivatives markets, with reports indicating trading volumes climbed nearly 2,600% to reach $50 million. A short squeeze, involving approximately $125,000 in liquidations, further accelerated the upward move, positioning HNT as one of the market's top performers. With the Relative Strength Index (RSI) hitting 85, the asset has entered deep overbought territory amid surging demand.

Regarding price levels, HNT maintained its gains after advancing from a base of $0.21, as of market data on August 29, 2026. While authoritative real-time database prices are currently unavailable, traders are watching for a sustained close above key resistance levels to confirm trend strength. No major upcoming events in the economic calendar are expected to directly impact crypto-specific sentiment in the immediate term.