Hamster Kombat Token Crashes 39%: What Occurred to HMSTR?

• Hamster Kombat (HMSTR) has nosedived 39% up to now week.
• The viral token has achieved a market cap of $382.4 million since debut.
• HMSTR made an all-time low on September 29 at a worth of $0.005562.

Hamster Kombat, the viral Telegram-based tap-to-earn recreation faces uncertainty as crypto buyers react to the huge fall within the worth of HMSTR, the sport’s native token.

Based on the information from CoinMarketCap, HMSTR has fallen over 39% up to now seven days. On the time of writing, it’s buying and selling at $0.006104, down 39.58% from its all-time excessive of $0.01004, which it hit 4 days in the past.

The Hamster Kombat token era occasion passed off simply days in the past, and the altcoin has struggled since then. The airdrop for the viral recreation was some of the anticipated occasions of 2024 for the crypto house, following the Notcoin (NOT), ZkSync (ZK), LayerZero (ZRO), and different airdrops.

Previously 24 hours, HMSTR buying and selling quantity rose 49.64% to $249 million, and the cryptocurrency has reached a market capitalization of $382.4 million, ranked 149th within the crypto market. Many of the buying and selling quantity for the cryptocurrency happens on Binance for the HMSTR/USDT buying and selling pair.

Learn additionally: TON Blockchain’s Greatest Take a look at But: Hamster Kombat Airdrop

Upon itemizing on Binance, the world’s largest crypto alternate by buying and selling quantity, HMSTR token surged 581%, attaining a billion {dollars} in buying and selling quantity on the very first day, surpassing nearly all of altcoins within the crypto house.

HMSTR Accumulation Dips

The buildup/distribution graph reveals whether or not an asset is at the moment being amassed by buyers or if distribution is prevailing, which is a bearish indication for costs.

The chart offered by TradingView above confirms a big decline within the accumulation of HMSTR, which means that buyers are promoting off their tokens to capitalize on the features made throughout the itemizing.