The Hamster Kombat (HMSTR) token price just surged 120%, but on-chain activity has been quiet, with only about 2% of TON transactions involving the token. This price increase seems more speculative than due to solid fundamentals.

However, Hamster Kombat has over 100 million monthly active users in their game. If the number of transactions is indeed increasing, this would indicate that demand for the token is returning.