Solana-Based MOBILE Altcoin Project Drops Over 10% After Going Live on Coinbase

The native token of a Solana (SOL)-based decentralized wireless provider is seeing a dip in price after going live on Coinbase, the leading crypto exchange platform in the US.

According to Coinbase, Helium Mobile (HELIUM), a wireless phone service that incentivizes users to map out their network to earn rewards, is now fully supported on the trading platform.

“Helium Mobile (MOBILE) is now live on coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”

News of the listing saw HELIUM drop over 10% in price, going from its seven-day high of $0.0042 set on February 22nd to trading for $0.0036 at time of writing.

MOBILE, which is a part of the Internet of Things (IoT) network and markets itself as an affordable low-cost alternative to traditional wireless carriers, allows users to earn rewards by verifying or mapping out Helium’s 5G network using their phones.

“Helium Mobile users will be able to earn MOBILE rewards by verifying (known as “mapping”) the Helium 5G network from their phones. Network mapping is an opt-in program that will be available on Helium Mobile plans.”

Initially launched in Miami last year, Helium Mobile is now available nationwide.

Earlier this month, Coinbase announced that it would be adding MOBILE to its listing roadmap, which alerts investors that the crypto exchange may soon list an asset, causing the digital asset to rise nearly 7%.

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