On Sunday, September 29, 2024, market data revealed that TON-powered crypto asset Hamster Kombat (HMSTR) suffered a 14% drop against the US Dollar over the past day, just three days after its market debut. Initially trading at $0.009993 per token when it hit major exchanges, HMSTR has since lost over 42% of its value.
TON-Powered Hamster Kombat Coin Hits All-Time Low on Sunday
The numbers indicate that HMSTR, the native token of the TON-based Web3 game Hamster Kombat, is still facing significant liquidations. Bitcoin.com News previously reported a 30% decline in the token’s value on its opening day across major exchanges. On Sunday, HMSTR fell to $0.005613, hitting a new all-time low, marking a 14% decline today.
Hamster Kombat, at its core, is a click-to-earn sensation hosted on the TON blockchain via Telegram. Players tap on digital hamsters to collect HMSTR coins, which can be used for upgrades, participating in minigames, and leveling up in operations. The game spices things up with daily missions, social features, and even mining mechanics.
HMSTR, the game’s native token, was launched for dedicated players, rewarding their achievements and engagement in the game. At its current price on Sunday, Hamster Kombat boasts a market cap of $365 million, placing it as the 193rd largest among over 10,000 crypto assets.
There are currently 64,375,000,000 HMSTR in circulation, and over the past 24 hours, the TON-centric token has seen $248 million in global trading activity, with Binance leading the pack as the most active exchange. According to tonscan.com, HMSTR has 12,498,400 holders and the maximum supply is one hundred billion HMSTR.
The top wallet controls a whopping 61,362,223,003 tokens, or 61.36% of the total supply. Following closely behind, the Binance hot wallet is in second place with 14,356,128,737 HMSTR, holding around 14.36% of the total supply. A whopping 93.95% of the entire HMSTR supply is locked in the hands of the top five wallets, holding the lion’s share of the token.
Like most newly launched crypto tokens, HMSTR’s market start has been bumpy, suggesting potential hurdles for future stability and liquidity. Whether it can find solid ground will likely depend on broadening its holder base and keeping new and experienced players hooked on mining digital hamsters.
