Helium (HNT)

HIP-4 just went live, time to speculate about HIP-5

Denial is done!
Panic is also done!

The next level is depression for $HNT, just as expected! 👇

https://t.co/5lW9VDVTcO https://t.co/SsI7gDxvin

DePIN might be the most mispriced narrative for the AI era.

Top 7 DePIN projects by 30-day revenue:

1. $HNT ($190.1m MC) - $16.7m revenue
2. $GEOD ($59.7m MC) - $7.3m revenue
3. $SN64 ($107.1m MC) - $5.9m revenue
4. $RENDER ($1.0b MC) - $3.0m revenue
5. $IO ($33.5m MC) - $2.8m revenue
6. $FIL ($697.3m MC) - $1.4m revenue
7. $AKT ($119.4m MC) - $1.1m revenue

DePIN isn't "devices for vibes." It's real-world supply getting paid: wireless coverage, precision location, storage, compute.

And AI is a demand engine for the last two.

How these break down:
- Infrastructure: @helium, @GEODNET
- Compute: @chutes_ai, @rendernetwork, @ionet, @akashnet_
- Storage: @Filecoin

Revenue matters this cycle, but tokens aren't stocks. Some have real usage and questionable value accrual.

Watching which ones turn demand into actual token sinks, not just revenue charts.