Hamster Kombat Price Prediction: HMSTR Declines, Whatโs Next? ๐จ
Why is the price dropping after the listing? ๐
๐น Airdrop Sell-Offs: Over 60 billion tokens were distributed to 131 million users, resulting in a massive sell-off that caused a 30% price decrease.
๐น Airdrop Distribution Issues: Significant portions of the airdrop went to influencers, raising concerns about transparency and trust within the community.
๐น Market Speculation: Initial price expectations were based on a supply of 10 billion tokens, but the actual supply turned out to be much higher, leading to disappointment.
๐น Lock-Up Period Confusion: An unexpected lock-up of 11% of tokens caused further sell-offs as investors became hesitant to hold onto the token.
Price Forecast: Whatโs Next?
๐ธ Support Level: The token has immediate support at $0.0060. A breach of this level could lead to a decline to $0.0050.
๐ธ Resistance Level: Resistance is at $0.0073, which is the upper limit of the current trading range.
Market Cap Outlook
Hamster Kombat's market cap sits at $437 million, much lower than initial market projections. Post-token generation event (TGE) sell-offs have dampened market sentiment, and
