While Hamster Kombat’s first TGE attracted a lot of attention, many players expressed disappointment in the amount and value of tokens they earned while participating in the Telegram tap-to-earn game.

Because many players said they spent nearly half a year experiencing the game, but after listing the official trading price around 0.01 USD, the effort over the past time only brought in about 5 - 30 USD, a number too small compared to the statement "this will be the biggest airdrop in the history of cryptocurrency".

Therefore, right under the Season 2 plan post, Hamster Kombat continues to receive countless criticisms from the community. Most people think that the project is using the old "promise trick" to keep players supporting, so that they can gain huge revenue from watching Youtube and Telegram ads.

Some comments even said that the announcement of Season 2 was no different from signaling the "end" of the project, with enough "provocations" to Hamster Kombat that "Who do you think will join this Season 2 after what happened in the previous season?", or "Hamster Season 2 is the end".

A series of comments criticizing Hamster Kombat's Season 2 plan below the post. Photo taken on the evening of October 17, 2024 on X (old Twitter).

It is not surprising to see the price and market capitalization of the HMSTR token drop sharply after the airdrop, given the general trend of most users immediately selling the crypto they have earned. But the decline of HMSTR is much larger than that of Notcoin (NOT), a project that also follows the tap-to-earn model and then airdrops tokens to players.

While NOT recorded an increase of nearly 600% after listing less than 1 month, the HMSTR price chart at the time of writing is still constantly "probing the bottom" with a decrease of 60%.

HMSTR's market cap has fallen from $660 million to $244 million in less than a month. For comparison, NOT's market cap is currently $800 million after peaking at around $2.5 billion.

Hamster Kombat project HMSTR token price chart captured on CoinMarketCap at 09:00 PM on October 17, 2024.

Although the HMSTR token has lost much of its value, the game's founders remain optimistic, saying that "the price is driven by supply/demand, and the current price drop is due to many people choosing to sell their tokens. Right now, we are focused on creating new products within the Hamster ecosystem to attract new players."