Why HMSTR Token Price Remains Below $0.1 After Airdrop
The price of HMSTR remains under $0.1 due to its large circulating supply, mainly from the Hamster Kombat airdrop. With 64.37 billion tokens in circulation, reaching $0.1 would require a $6.43 billion market cap, which is unlikely in the current market. The lack of a burn mechanism also adds inflationary pressure.
Many holders sold their airdropped tokens, driving HMSTR down over 50% from its all-time high. A potential price recovery could happen, similar to Notcoin's (NOT) rise after a post-airdrop dip. Future demand may increase as HMSTR becomes more useful in Hamster Kombatâs Telegram-based game.
Currently, HMSTR trades at $0.004887, up 5% in the last 24 hours, but with declining trading volume.
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