Binance US, the US arm of the giant cryptocurrency exchange Binance, attracted the attention of investors with its latest announcement. The popular exchange announced that its altcoin project Helium (HNT) will be delisted on March 21! After the Delist news, the price of the altcoin crashed! Here are the details…
Binance US announces delisting for popular altcoin Helium (HNT)
As you know, one of the most important events that attract the attention of crypto money investors is delist news. Binance US, the US arm of the giant cryptocurrency exchange Binance, announced that it will delist the popular altcoin Helium (HNT) with its latest announcements. After the announcement of the delist transaction, which was scheduled to take place on March 21, the popular altcoin HNT crashed, losing 20 percent. The recent announcement came just before Helium migrated to the Solana blockchain. Helium investors, on the other hand, expressed their reactions on Twitter.
The Helium network is a decentralized, blockchain-powered network that allows low-power wireless devices to communicate with each other. Thanks to their services supported by crypto money projects, users who join the network can have rewards. Users earn rewards when hotspots provide wireless coverage, verify it, and transfer data over the network.
“Helium’s transition to Solana is a first for the industry!”
On the other hand, after the delist news, the Helium Foundation commented on the subject, saying, “Although the Helium Foundation is disappointed that Binance US decided to take this action before the transition, we understand their stance.” conveyed his words. However, the leading foundation commented on the Helium transition to Solana, saying:
“Helium’s transition to Solana is extremely important and a first for the industry! At the same level of importance as Ethereum’s transition from Proof-of-Work to Proof-of-Stake.”
However, according to the announcement made by the foundation, the transition plan will proceed in the same way. The data shows that the transition to the Solana platform will take place on March 27. The move, however, came soon after the project was accused of lying about slowing its initial exponential growth in adoption, significant partnerships and amount of earnings. Helium founder Amir Haleem states that the project has no commercial relationship with the mentioned organizations.
The popular altcoin Helium (HNT) will continue to trade and be listed on the international Binance exchange, although it is delisted via Binance US.
Helium (HNT) price status
The popular altcoin project Helium (HNT) has been a favorite of investors for a long time. With the latest delist news, altcoin HNT has lost more than 20 percent in the last 24 hours. Instantly, the project is trading at $2. Its market value stands at $278 million.
