HMSTR, the token of the Hamster Kombat project, has dropped by 50% immediately after its listing, surprising many investors. The token price initially opened for sale at $0.014, but quickly dropped to around $0.007. This sharp decline can be attributed to a number of factors, including large-scale token sell-offs by airdrop recipients, plus the volatile nature of newly launched tokens in the “play-to-earn” and “tap-to-earn” ecosystems.

$HMSTR

Although the project has a large user base on platforms like Telegram, the problem HMSTR faces is no different from other tokens of its kind. When the initial excitement wears off and demand is no longer strong, the token price can easily be pushed down. Similar projects like Axie Infinity or Decentraland have also experienced this situation, when the token value dropped significantly after the initial fever.

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