Why is the price falling after listing? 📉
🔹 Airdrop Sell-Offs: Over 60 billion tokens were airdropped to 131 million users, leading to an immediate sell-off, causing a 30% drop in price.
🔹 Airdrop Distribution Issues: Large airdrop amounts were given to influencers, leading to dissatisfaction and mistrust about the team's transparency.
🔹 Market Speculation: Initial price expectations were based on a supply of 10 billion tokens, but the actual supply was much higher, creating disappointment.
🔹 Lock-Up Period Uncertainty: An unannounced lock-up for 11% of tokens led to more sell-offs as users became unwilling to hold the token.
Price Prediction: What’s Next?
🔸 Support Level: Immediate support at $0.0060. If this breaks, we could see a further drop to $0.0050.
🔸 Resistance Level: Resistance stands at $0.0073, marking the upper boundary of the current trading range.
Market Cap Outlook
Hamster Kombat's market cap is at $437 million, well below initial market speculation. With post-TGE sell-offs, the sentiment remains grim unless we see a significant shift in market confidence.
The token's next move is critical—keep an eye on support and resistance levels! #HMSTR #hamsterkombat24 #Crypto
