Hamster Kombat Dropped 59% After Airdrop

The Hamster Kombat token fell sharply days after the viral Telegram minigame released millions of tokens to users.

Trading data revealed that Hamster Kombat (HMSTR) plunged nearly 60% since its token generation and listing event on September 26. HMSTR's debut price was around $0.012 on platforms such as Binance and decentralized trading center Ebi.

At the time of this publication, the cryptocurrency was trading for less than $0.0058 and has steadily declined since its launch in late September.

Hamster Kombat became a popular minigame on The Open Network (TON) and private messaging app Telegram, promising to eclipse other projects like Notcoin (NOT). Its pre-launch growth did not appear to be affected by listing delays and postponements, as more than 150 million users logged into the official Hamster Kombat game.

Since its inclusion in the list, an exodus has spread through the web3 game community. Users have abandoned Telegram and other social networks from the project as the price of HMSTR plummeted. What several participants described as a lackluster token airdrop is likely the main reason for the subdued price action and reduced community participation.

More than 131 million accounts were x.com/hamster_kombat/status/1839321940592410918″ target=”_blank”>eligible for the HMSTR distribution, but users expressed dissatisfaction with the individual token allocations. Public sentiment suggested boycotting the project hours before its token was listed, and post-distribution responses echoed similar sentiments.

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However, the anonymous team plans to move forward with the TON-powered blockchain game. Last week, Hamster Kombat updated its roadmap to include future support for non-fungible tokens. HMSTR developers also revealed a web app targeting desktops and smartphones, along with nft integrations and another round of airdrops dubbed “Season 2.”