The Hamster Kombat token has plummeted days after a viral Telegram mini-game leaked millions of tokens to users.
Trading data showed that the value of Hamster Kombat (HMSTR) has dropped nearly 60% since its token creation event and exchange listing on September 26th. HMSTR debuted at around $0.012 on platforms like Binance and decentralized trading platform Ebi.
At the time of publication, the cryptocurrency was trading at less than $0.0058 and has declined steadily since its launch in late September.
Hamster Kombat has become a popular mini-game on The Open Network (TON) and private messenger Telegram, promising to eclipse other projects such as Notcoin (NOT). Its pre-launch growth seemed unhampered by listing delays and delays, as the official Hamster Kombat game logged more than 150 million users.
Following the listing, the web3 gaming community experienced an exodus. Users left Telegram and other social networks of the project as the price of HMSTR fell sharply. What some participants called a lackluster token airdrop is likely the main reason for the subdued price action and decline in community activity.
More than 131 million accounts were eligible for HMSTR distribution, but users expressed dissatisfaction with the individual distribution of tokens. Public opinion suggested a boycott of the project hours before its token was listed, and responses following the circulation echoed similar sentiments.
Dear leaders,
💥The Hamster Family is truly an unstoppable force!
🚀 More than two thirds of the distribution has already been distributed among our players.
🪙 More than 30 million users have already started trading $HMSTR, and more users are joining every second.
🚧 Due to huge demand, you can…
– Hamster Kombat (@hamster_kombat) September 26, 2024
However, the anonymous team plans to continue developing a blockchain game based on TON. Last week, Hamster Kombat updated its roadmap to include future support for non-fungible tokens. HMSTR developers also talked about a web app targeting desktop and smartphones, as well as NFT integration and another round of giveaways dubbed “Season 2.”
