Helium project founder Amir Haleem recently announced the immediate termination of the token buyback program. What hidden motives are behind this decision?

Looking at the data makes it clear. HNT's situation is quite awkward — the current price hovers around ¥18.5, but it reached a high of ¥160 last year. The ongoing price slump ultimately led the founder to make this decision.

Why is this so critical? Buybacks are a common market capitalization management tool used by listed companies, also known as a "confidence booster." Once stopped, the market will immediately reassess the project's prospects. Past similar cases show that such news usually triggers short-term selling pressure, especially as institutional holders may follow suit and cash out.

But don’t rush to conclusions. The founder might have other plans — perhaps shifting resources toward technological breakthroughs or ecosystem development, which could indicate a strategic adjustment for the project. The key is to observe the upcoming moves and see how the project team repositions itself.

In the short term, HNT will face pressure, but the long-term trend depends on subsequent fundamental performance and the speed of market sentiment recovery.