Following the airdrop of Hamster Kombat ($HMSTR) Coin on September 26, the token has experienced a significant drop in its market value. Just days after trading began on major exchanges like Binance and Bitget, the price of Hamster Kombat Coin dropped by 45%. 

The Context — Hamster Kombat Airdrop and Immediate Trading

Hamster Kombat team airdropped its $HMSTR coin to millions of users who had participated in the play-to-earn game on Telegram. An airdrop distributes tokens to existing users or holders of a particular asset for free. It is a type of marketing strategy to generate initial interest in a token and encourage trading.

The Hamster Kombat airdrop led to a surge of interest in the token, with early price predictions being highly optimistic. Many traders speculated that the Hamster Kombat ($HMSTR) coin price would rise significantly due to strong community engagement, in-game utility, and listing on several major exchanges. Initially, the token showed signs of strength, spiking to a high of $0.018007 shortly after its listing. However, this rise was only for a moment and, since then, the token has only dropped.

Reasons for the Hamster Kombat Coin Price Drop

1. Unfair Reward Distribution

Prior to the airdrop, the developers implemented an “anti-cheat” system that disqualified many participants. This system resulted in many players losing their expected tokens, which were redirected to influencers and large players in the ecosystem. Many users felt cheated, and this caused widespread discontent across the Hamster Kombat community.

User sharing his views on disqualification. Source: X

The game’s reward structure seemed heavily skewed in favor of influencers and large holders. While regular players worked hard to accumulate points and tokens, the majority received very modest payouts. This led to a strong feeling of unfairness, as the tokens were expected to be more widely distributed but were concentrated in the hands of a few.

2. Lower-than-Expected $HMSTR Coin Value

Another major issue was the token’s lower-than-expected listing price. Influencers had promoted the idea that the $HMSTR coin could debut at $0.10 or higher. However, the token was listed at approximately $0.01, and it immediately began to lose value, dropping to as low as $0.0047 within days. This significant devaluation shocked investors and participants who had expected the token to perform better after months of anticipation.

3. Problems with Selling Tokens

Most players found themselves holding very small amounts of HMSTR tokens, often worth less than $5. Given that some exchanges require a minimum of $5 for transactions, many users were left holding tokens they couldn’t sell. This further aggravated frustrations, as users felt trapped with illiquid assets that offered no value despite their investment of time and effort.

4. Technical and Network Issues

Adding to the disappointment, network congestion within Telegram’s TON blockchain, which Hamster Kombat uses for its wallet integration, resulted in technical issues. Consequently, many users were unable to access or trade their tokens during critical moments, worsening the overall sentiment surrounding the airdrop.

The culmination of these factors led to a rapid sell-off as disillusioned players sought to exit their positions, driving the token’s price down further. Despite the initial hype around the project, it faces major hurdles in regaining trust from its community.

Users shared his frustration on X

Unless the team addresses these issues with transparency and fairness, the long-term future of Hamster Kombat may be in jeopardy.

$HMSTR Coin Technical Analysis and Price Prediction

Looking at the technical analysis, the Hamster Kombat token (HMSTR/USDT) remains in a bearish trend. The price, currently at $0.004669, is below all exponential moving averages (20, 50, 100, 200 EMA). The Relative Strength Index (RSI) is hovering around 45, indicating neither oversold nor overbought conditions, but leaning toward further downside pressure.

HMSTR/USDT Daily Price Chart. Source: TradingView

Given the EMA resistances and the token’s overall downtrend, there may be continued downward momentum unless a strong fundamental catalyst emerges. Short-term support is likely around $0.0045, but a break below this level could see the token drop further.

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