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Hamster Kombat (HMSTR) price collapses after airdrop, while whales accumulate new memecoin
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The airdrop of the famous Telegram game Hamster Kombat (HMSTR) took place last week and had great demand. However, even overloading TON fees, the price of HMSTR has already seen a drop of almost 60% since its launch.
Shortly after the airdrop, HMSTR arrived on exchanges, including large platforms like Binance. Its launch price was around $0.012, but soon after it dropped to $0.0058 and has been falling steadily.
The drop in the token reflects an initial movement of sale in tokens, but this does not usually last as long. A reflection of this is that despite strong sales, large investors continue to acquire HMSTR betting on its recovery.
On the other hand, several other tokens are in their pre-sale phases and may present even greater opportunities than the famous game. The market’s biggest bets for October are in the following pre-sales: Crypto All Stars and Pepe Unchained, which continue to capture high values.
Hamster saga
Hamster Kombat has become a popular minigame on the TON network and messaging app Telegram, promising to overshadow other projects like Notcoin (NOT). Even with airdrop postponements, there are already more than 150 million people playing, almost a sixth of Telegram’s 900 million users.
Since HMSTR’s exchange listing, an exodus has swept the gaming community, with users leaving the project’s Telegram and other social media sites as HMSTR’s price plummets.
More than 131 million accounts were eligible for the HMSTR distribution, but users expressed discontent with individual token allocations. Many believed that Hamster Kombat privileged too many users and there were calls for a boycott of the project hours before its token was listed.
What several participants described as a “lackluster airdrop” is likely the main reason for the subdued price action and reduced community engagement. On the other hand, memecoins continue to follow a strong upward trajectory in the last two days, with names like POPCAT appreciating more than 20% in the period.
This Monday (01), POPCAT had the biggest increase in the Top 100, followed by the 9.5% appreciation of Dogwifhat (WIF). In other words, memecoins remain strong and in great demand among investors.
Among the biggest pre-sales open at the moment, Pepe Unchained was undoubtedly the one that had the greatest prominence. With a total fundraising that already exceeds US$16 million, memecoin managed to raise almost US$2 million more than the initially foreseen goal.
Hamster Kombat (HMSTR) price collapses after airdrop, while whales accumulate new memecoin
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Hamster Kombat (HMSTR) price collapses after airdrop, while whales accumulate new memecoin
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Hamster Kombat (HMSTR) price collapses after airdrop, while whales accumulate new memecoin
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Hamster Kombat (HMSTR) price collapses after airdrop, while whales accumulate new memecoin
