The highly anticipated HMSTR token from Hamster Kombat saw its price plunge by 30% within hours of its debut on a major cryptocurrency exchange, leaving the crypto community stunned. Players, known as "hamster CEOs," are expressing regret over the significant time they invested in the game.
According to CoinGecko, the token's value fell from $0.012 to $0.008684, marking a sharp 30% decline following its launch. This price drop occurred despite Hamster Kombat's celebratory announcements regarding the token's listing and a recent HMSTR airdrop. CoinMarketCap also reported a drop in the token's price, showing a 10% decrease, with the token now trading at $0.008715.
Trading against Tether (USDT) began at 12:00 PM UTC, with HashKey confirming support for HMSTR deposits and withdrawals via the TON network. The token is now available for trading on major exchanges like Binance and HashKey.
Despite the community's high expectations, the swift decline in HMSTR's price has left many investors disappointed. While the tokenâs future performance remains uncertain, Hamster Kombat continues to promote its broader roadmap, aiming to establish itself in the Web3 gaming space by 2025. So far, the company has not addressed the recent price drop.
