1. Massive airdrop and subsequent sell‑offs After distributing over 60 billion tokens to around 131 million participants, many recipients sold their HMSTR immediately following the exchange listing. This led to a sharp decline in price .
2. Disappointing launch and technical issues The token launch experienced problems—delays, disqualifications, and glitches on exchanges. These disappointments damaged investor confidence and fostered negative sentiment .
3. Over‑supply of tokens A huge token supply fueled significant downward pressure. With too many tokens in circulation, market demand couldn’t keep up, pushing prices lower .
4. Plummeting user engagement Following the initial hype, the active user base dropped dramatically—from 300 million to around 11.5 million—which reduced demand and further dragged the token price down .
5. Broader crypto market dynamics A broader lack of interest in this and similar meme‑game tokens intensified the downtrend. While a later announcement of their own blockchain offered some recovery hopes, the dominant forces remained negative .
---
In short: HMSTR’s price dropped due to overwhelming supply, immediate sell‑offs after the airdrop, a flawed launch experience, declining user base, and broader market apathy.
Exciting news! Earn points in Moonbix and grab bigger rewards by joining the latest Binance referral event!
Refer friends to Binance and earn up to 1,000 USDC! Here’s how:
💎 Earn Moonbix points by visiting the referral activity page via the Moonbix task page. 🤝 Invite friends to join Binance and complete tasks. Both you and your friends can earn up to 1,000 USDC!
Share, earn, and boost your rewards! The more friends you refer, the more points and bonuses you get.
Don't miss this chance to grow your rewards and power up your Moonbix experience!
Most of the coins of those who were adding Bitget and Ton Wallet to #CATS are moving.
Those who were adding other wallets will come tomorrow. Everyone will get the coins in their respective wallets by tomorrow.
Coins Some people get too much. Those who got OG Pass or 1 ton transaction plus daily transaction 🐈⬛ The current price of CATS is like 0.0003. It may increase or decrease. Wait everyone from here tomorrow.