Helium's HNT token experienced a 20% decline in value over the past 24 hours and reached a two-month low on Wednesday after Binance.US announced its delisting from their trading platform on March 21. Helium Network operates through a decentralized grid of wireless hotspots that use cryptocurrency as their power source, and users are rewarded for participating in the network. The migration of Helium to Solana blockchain is scheduled for March 27, and the Helium Foundation confirmed that the migration is still on track.
Although Binance.US's decision to delist HNT is disappointing, the foundation understands their position. The delisting comes after Helium's growth slowed, and it was accused of lying about key partnerships and profitability. HNT will still be available on Binance's international exchange.