On Sunday, September 29, 2024, market data revealed that the cryptocurrency powered by the TON blockchain, known as Hamster Kombat (HMSTR), experienced a 14% drop against the US dollar in the past 24 hours, just three days after its debut on the crypto market. Initially, the token traded at $0.009993 when it first hit major exchanges, but since then, HMSTR has lost more than 42% of its value.
Historical Low for Hamster Kombat Coin
The HMSTR token, which is the native token for the online game Hamster Kombat built on the TON blockchain, continues to face significant sell-offs. Bitcoin.com News previously reported a 30% decline in the token's value on its first day of trading on leading exchanges. On Sunday, HMSTR fell to $0.005613, marking a new all-time low, with a 14% drop in value in just one day.
Hamster Kombat Game on the TON Blockchain
Hamster Kombat is a click-and-earn game hosted on the #TON blockchain via Telegram. Players tap on virtual hamsters to earn HMSTR tokens, which can be used for upgrades, participation in mini-games, and other gameplay operations. The game spices things up with daily missions, social features, and even mining mechanics.
Market Capitalization and Holders of HMSTR Token
The HMSTR token was rewarded to players for their in-game achievements and engagement. As of September 29, Hamster Kombat boasted a market capitalization of $365 million, making it the 193rd largest cryptocurrency among more than 10,000 assets on the market. Currently, there are 64,375,000,000 #HMSTR tokens in circulation, and over the past 24 hours, the token recorded a trading volume of $248 million, with Binance leading as the most active exchange.
Token Distribution and Concentration
According to tonscan.com, the HMSTR token has 12,498,400 holders, and its maximum supply is set at 100 billion tokens. The largest wallet holds 61,362,223,003 tokens, representing 61.36% of the total supply. The second-largest wallet, managed by Binance, holds 14,356,128,737 HMSTR, accounting for 14.36% of the total supply. In total, the top five wallets control a staggering 93.95% of all available HMSTR tokens.
Future Development of the Token
Like many newly launched cryptocurrencies, HMSTR's initial market ride has been volatile, indicating potential challenges for long-term stability and liquidity. Whether the token can secure a stable market position will likely depend on the expansion of its holder base and retaining both new and seasoned players engaged in tapping digital hamsters.
The attention and interest of investors is shifting towards #Fatty Token.
Successful pre-sale phase: Fatty Token has already raised $3.8 million during the pre-sale phase, indicating strong interest and confidence from investors.
Combination of gaming and trading elements: The project offers an attractive mix of play-to-earn gaming (#FatBoy ) and trading bots (#FatBot ), which appeals not only to gamers but also to investors looking for diversification opportunities. This project is collaborating with UFC Champion Jiří Procházka.
Growth on social media: Strong activity and popularity on social media increase the project’s visibility, attracting a wider community of users and potential investors.
Meme ecosystem: Similar to Doge and other successful meme coins, Fatty Token builds on a fun, community-driven brand, appealing not only to financial investors but also to fans of meme culture.
Upcoming milestones: Upcoming events, such as the Token Generation Event (TGE) in Q4 and the game launch next month, generate further interest as investors often seek opportunities just before significant events that could impact the token's value.
Overall, this combination of factors suggests that Fatty Token has the potential to attract even more attention and capital in the coming months.
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