HOT +2.42% on Nov 12, 2025 Amid Pelephone’s Revised Bid for Hot Mobile

On Nov 12, 2025, HOT traded at $0.000635, reflecting a 2.42% increase over the previous 24 hours. However, the token has experienced a significant decline over the medium and long term—dropping 13.74% in seven days and 72.66% in one year. In contrast, it has rebounded 2.92% over the past month. The price movement aligns with news of renewed interest in Hot Mobile, a telecommunications company in Israel, where Pelephone has raised its acquisition offer.

Pelephone, a subsidiary of Bezeq Israel Communications Ltd, has increased its bid for Hot Mobile to NIS 2.1 billion (approximately $565 million), up from an initial proposal of NIS 2 billion. The offer, now time-limited until Nov 16, marks the latest escalation in the ongoing battle for control of Hot Mobile, which is owned by billionaire Patrick Drahi’s Altice International. Altice has been seeking to reduce its debt burden, making the sale of Hot Mobile increasingly likely. Pelephone has emphasized that the revised proposal is not binding, and negotiations remain uncertain. Meanwhile, a competing offer from a consortium led by billionaire Gil Sharon stands at NIS 1.4 billion, with a stronger regulatory approval outlook.

The Pelephone bid has drawn attention from global markets, given Hot Mobile’s role in Israel’s competitive telecommunications landscape. The company reported NIS 517 million in revenue during the third quarter, with 2.66 million subscribers and a record average revenue per user (ARPU) of NIS 48. Pelephone’s management has emphasized its commitment to maintaining financial discipline and an AA credit rating, which could support investor confidence in the proposed acquisition.

Technical indicators suggest a mixed outlook for HOT. The 24-hour gain is modest, while the 7-day decline reflects ongoing bearish pressure. The 1-month recovery may indicate short-term stabilization, but the one-year slide underscores long-term challenges. Given the volatility, investors are closely monitoring how the Hot Mobile acquisition plays out, as well as broader movements in Israel’s telecom sector.

The price action of HOT appears to mirror broader market uncertainty around corporate takeovers and sector consolidation. While the 24-hour gain is a positive sign, it is not yet a sustainable trend. The extended declines highlight the need for a stronger catalyst—such as a finalized acquisition or a broader market turnaround—to drive longer-term bullish momentum.

Backtest Hypothesis

In evaluating the performance of HOT in light of recent price volatility and the Pelephone bid, a backtesting strategy could offer insight into how similar market events historically affected price movements. One such approach would involve analyzing price drops of at least 10% over a rolling 7-day window and tracking the subsequent performance. This method could help determine whether the recent 13.74% 7-day drop for HOT aligns with patterns seen in other assets under similar conditions.

By applying this strategy to HOT, or a comparable asset, investors can assess whether the current price correction presents a potential entry point or a continuation of a bearish trend. The results of such a backtest would offer a data-driven basis for evaluating the token’s medium-term trajectory, particularly in the context of the Pelephone bid and broader market dynamics.