[Hamster Kombat lost 86% of users but increased sales by 3,720%]
The trading volume of Hamster Kombat's HMSTR token surged by 3,720% this month, once reaching $1.49 billion, setting a record high. However, the player base plummeted by 86% during the same period, losing 259 million players, and only 52 million monthly active players remained.
On November 9, HMSTR trading volume quickly surged from $39 million to $496 million, and to $1.49 billion the next day. The token price increased by 125% during the same period, from $0.002638 to $0.005954. However, volume and price fell back to $160 million and $0.003931 respectively over the next four days, a decrease of 89% and 33%.
The reason for the surge in trading volume is not yet clear. Hamster Kombat’s only announcement was to suspend the token withdrawal function. The official platform did not release other major news. The second season of game content was announced back in October and has not yet been officially launched, so it is unlikely to be the main reason for this surge in transaction volume.
Bitcoin prices may have an indirect impact on HMSTR’s trading volume. Bitcoin prices rose from $76,000 to $80,000 on November 9-10, but HMSTR trading volume began to fall back before Bitcoin really spiked (November 11).
Official data shows that HMSTR’s 24-hour spot trading volume reached US$1.3 billion, its perpetual contract trading volume reached US$4 billion, and the number of currency-holding addresses on the chain reached 11 million. However, player activity dropped significantly. The number of daily active addresses fell to 20,000 from 700,000 at the end of September, and the player base has shrunk from 300 million in July to 52 million currently, showing the serious challenges facing the game.
