The price of the most anticipated Hamster Kombat’s HMSTR token plummeted by 30% within just a few hours after it launched on the major cryptocurrency exchange.
The crypto community is in shock with the listing price and hamster CEOs aka the players are regretting spending so much time on the game.
As per the data of CoinGecko, HMSTR dropped from $0.012 to $0.008684 over the last few hours after the launch, marking a total decline of 30%. The sharp price drop occurred despite Hamster Kombat’s celebratory announcement of the token’s listing and the recent HMSTR airdrop.
The sharp decline in $HMSTR has not only been reported by Coingecko, CoinMarketCap also shows a price drop in the token right after the launch.
The data of CoinMarketCap show a 10% decrease in the price of Token, and the price has reached 0.008715.
Trading against Tether (USDT) officially began at 12:00 pm UTC, with HashKey confirming that HMSTR deposits and withdrawals will be supported via the TON network. HMSTR may now be exchanged on major cryptocurrency exchanges like as Binance and HashKey.
The community had high expectations for the HMSTR token, but the sharp price drop shortly after its listing on major exchanges has left many disappointed. Investors hoped for a strong debut, but the rapid decline has raised concerns about the token’s future performance.
Hamster Kombat has not publicly addressed the price decline but continues to promote its broader plans, including a roadmap for 2025 as it aims to solidify its presence in the Web3 gaming space.