The Helium ecosystem is under pressure following Coinbase\u2019s recent delisting of the deprecated Helium Mobile (MOBILE) token, sparking confusion, a spike in exchange transfers, and a sharp dip in token prices across the network.<\/p>\n\n\n\n
Helium\u2019s native token HNT<\/strong> dropped over 5%<\/strong> on June 27, slipping below its key support level of $2.308, while the ecosystem\u2019s IOT<\/strong> token also saw a similar decline. The downturn came on the heels of Coinbase\u2019s June 26 announcement<\/strong> that it would delist several tokens, including the deprecated Solana-based MOBILE<\/strong> token, due to the release of newer versions that now meet the platform\u2019s listing criteria.<\/p>\n\n\n\n Following the delisting news, MOBILE\u2019s price fell to an intraday low of $0.00026<\/strong> before recovering slightly to $0.00027 at press time still 87% lower<\/strong> than its December 2024 high of $0.0021.<\/p>\n\n\n\n The confusion stems from Coinbase\u2019s delay in auto-converting MOBILE to HNT<\/strong>, a process most other major exchanges had completed earlier this year after the HIP 13<\/strong> upgrade. The Helium Improvement Proposal unified MOBILE and IOT tokens under the HNT umbrella to simplify the token structure and ecosystem governance.<\/p>\n\n\n\n While Helium had already deprecated the Solana-based MOBILE token in January 2025<\/strong>, Coinbase continued listing it leading to confusion among retail users when the sudden delisting was announced.<\/p>\n\n\n\n According to CoinGlass data<\/strong>, open interest in Helium Mobile futures dropped 16% in the past 24 hours<\/strong>, reflecting fading demand and potential short-term volatility. The long-short ratio<\/strong> also tilted bearish, suggesting that traders are increasingly betting on further price declines.<\/p>\n\n\n\n On-chain activity further reinforced this view. Wallets are sending more HNT tokens to centralized exchanges, a move often associated with sell-side pressure and liquidation risks.<\/p>\n\n\n\n Technically, the HNT\/USDT daily chart shows the token breaking below its local support<\/strong>, entering a descending channel<\/strong>\u2014a bearish pattern signaling continued downside momentum. The Supertrend indicator<\/strong> has flipped to \u201csell,\u201d and the RSI has dropped to 42<\/strong>, both of which point to weakening buying strength.<\/p>\n\n\n\n If the trend persists, HNT may head toward the next major support at $2.00<\/strong>, a roughly 10% drop<\/strong> from its current price around $2.18.<\/p>\n\n\n\n Despite the bearish backdrop, Helium\u2019s official channels recently teased a potential collaboration with Brazilian football legend Neymar<\/strong>. While details remain limited, such a high-profile partnership could generate renewed interest in the project and inject positive sentiment into the community.<\/p>\n\n\n\n Still, in the short term, the Helium ecosystem appears to be facing a tough stretch as investors react to the Coinbase delisting and unfavorable technical signals.<\/p>\n","protected":false},"excerpt":{"rendered":" The Helium ecosystem is under pressure following Coinbase\u2019s recent delisting of the deprecated Helium Mobile (MOBILE) token, sparking confusion, a spike in exchange transfers, and a sharp dip in token prices across the network. HNT, IOT, and MOBILE All See Sell-Off Helium\u2019s native token HNT dropped over 5% on June 27, slipping below its key…<\/p>\n","protected":false},"author":3,"featured_media":9681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[166,1305,1306],"class_list":["post-9680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-coinbase","tag-helium","tag-mobile-delisting"],"yoast_head":"\nDelisting Sparks Confusion<\/h3>\n\n\n\n
Derivatives and On-Chain Metrics Point Bearish<\/h3>\n\n\n\n
Neymar Tease Offers Glimmer of Hope<\/h3>\n\n\n\n