Hamster Kombat ($HMSTR ), once a promising player in the crypto space, is now facing significant challenges. Just three days after its launch, the token has plummeted by 42% in value. A staggering 93.95% of HMSTR's total supply is concentrated in the hands of a small group, with five wallets controlling the majority of the tokens.
The largest holder possesses a considerable 61% of the total supply, granting them substantial influence over the token's future. The second-largest wallet, which contains 14% of the supply, belongs to Binance, the leading cryptocurrency exchange, raising questions about the distribution of tokens.
While the project's founder may be celebrating its initial success, many smaller investors are left feeling disheartened, as they hold only minimal amounts of the token.
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