Earlier this month, Hamster Kombat’s HMSTR token trading volume increased by 3,720%, reaching nearly $1.5 billion despite losing 259 million players (an 86% decrease from the high of 300 million players in July).
On November 9, HMSTR trading volume jumped from $39 million at 00:27 GMT to $496 million at 14:03 GMT.
The next day, despite a drop in the number of players, trading volume jumped again to $1.49 billion, a new all-time high. It is not clear why trading volume suddenly increased.
Its price also surged 125% from $0.002638 to $0.005954 (currently falling back to). However, HMSTR’s trading volume and price subsequently dropped to $160 million and $0.003931, respectively, over the next four days, a drop of 89% and 33%, respectively.
In addition, IntoTheBlock data shows that the number of daily active addresses has dropped from about 700,000 at the end of September to only 20,000 in recent days. (Protos)