Hamster Kombat down 59% after airdrop

Hamster Kombat’s token has fallen sharply, days after the viral Telegram mini-game distributed millions of tokens to users.

Trading data has revealed that Hamster Kombat (HMSTR) has fallen nearly 60% since its tokenization event and exchange listing on September 26. The initial price of HMSTR was around $0.012 on platforms such as Binance and decentralized trading hub Ebi.

At press time, the cryptocurrency was trading below $0.0058 and has fallen steadily since its launch in late September.

24-hour HMSTR price chart – September 30 | Source: crypto.news

Hamster Kombat has become a popular mini-game on The Open Network (TON) and private messaging app Telegram, promising to eclipse other projects like Notcoin (NOT). Hamster Kombat’s pre-launch growth appeared unhindered by delays and delays, as more than 150 million users have logged into the official game.

Since its listing, there has been an exodus in the web3 gaming community. As HMSTR’s price drops, users are abandoning the project’s Telegram and other social media platforms. What several participants described as a lackluster token airdrop is likely the main reason for the low price movement and decreased community engagement.

More than 131 million accounts were eligible for HMSTR distribution, but users expressed dissatisfaction with individual token allocations. The public suggested boycotting the project hours before the token was listed, and post-distribution responses echoed similar views.

Dear CEOs,

💥The hamster family is truly an unstoppable force!

🚀 More than two-thirds of the airdrop has already been distributed among our players.

🪙 Over 30 million users have already started trading $HMSTRThere are more participants every second.

🚧Due to high demand…

— Hamster Kombat (@hamster_kombat) September 26, 2024

Still, the anonymous team plans to move forward with the TON-powered blockchain game. Last week, Hamster Kombat updated its roadmap to include future non-fungible token support. HMSTR developers also announced a web app targeting desktops and smartphones, as well as NFT integrations and another round of airdrops called “Season 2.”