Yesterday, September 26, the long-awaited launch of the Hamster #Kombat (HMSTR) token and airdrop took place. As part of the distribution, the developers of the "tapalka" distributed 60 million tokens among users
Many players believe that the #HMSTR airdrop did not live up to expectations. Therefore, most got rid of tokens immediately after the listing. However, the trading volume of the Hamster Kombat token has broken the $1 billion mark. The failed airdrop led to massive sales of HMSTR
Trading of the HMSTR token started on several major cryptocurrency exchanges at once at 12:00 UTC (15:00 Moscow/Kyiv). In anticipation of this event, analysts tried to predict the price of the coin after the listing. As a result, the rate settled at $0.014.
However, the price of HMSTR soon began to slide due to massive selling. In just a few minutes, the indicator dropped by 20%. At the time of writing, For HMSTR, an increase in volume while the price falls is a bearish signal. Such dynamics indicate the strength of the downward pressure on the token. If the trend continues, the Hamster Kombat price will continue to fall.
Meanwhile, cryptocurrency derivatives trading volume has increased sharply, according to Coinglass data. This growth indicates high speculative activity around HMSTR. At the same time, an increase in interest in derivatives with a falling price is also a bearish signal. In this article, the Hamster Kombat token is trading at $0.006849 - the asset has fallen by almost 30% over the past 24 hours. This contrasts with the overall market, which is showing upward momentum.
As the price fell, HMSTR trading volume exceeded $1 billion. This indicator reflects the level of interest in the cryptocurrency. Its growth indicates a large number of purchases and sales, and its decrease indicates the opposite. Many Hamster Kombat players also expressed disappointment in the airdrop. On average, users received only $8.
However, this result is not surprising. Despite the fact that the "tapalki" team excluded 2.3 million players, the total number of participants remained high. HMSTR tokens were received by more than 130 million users.
