Hamster Kombat Plunges 29% After Launch On Major Crypto Exchanges
Release: 2024/09/26 22:09 Reading: 461
Hamster Kombat Token Plummets After Market Debut on Major Exchanges
Hamster Kombat, the popular clicker game, experienced a significant decline in value following its launch on leading cryptocurrency exchanges. After opening at $0.014, the token's price dropped to $0.008788 as of 10:02 a.m. EST, representing a 29% decline. This dip resulted in a market capitalization of $564.8 million, according to CoinGecko.
The project's highly anticipated Season 1 airdrop of HMSTR tokens commenced at 12:00 p.m. UTC on the day of the market debut.
Distribution and Exchange Support
Hamster Kombat distributed 60 billion HMSTR tokens to 131 million eligible players, representing 60% of the altcoin's total supply. The team has announced plans to distribute an additional 15 billion tokens during the airdrop's second season.
Binance, OKX, Bitfinex, and Bitget, among other Tier-1 centralized exchange platforms, have facilitated the token distribution event by enabling trading pairs for HMSTR.
Technical Challenges on TON Blockchain
Due to the massive scale of the HMSTR airdrop, the TON core team has issued warnings regarding potential technical challenges on the blockchain. The team anticipates increased strain on the network and has advised validators to monitor the TON Status Telegram channel for any emergency actions that may be required between September 26 and 29.
Analysts Predict Meme Coin Popularity
As HMSTR embarks on its airdrop campaign and TON prepares for increased network traffic, some analysts speculate that Pepe Unchained (PEPU), a layer-2 meme coin, could witness a surge in popularity within the crypto market. The project has already secured over $15 million in funding and offers a 138% Annual Percentage Yield to PEPU stakers.
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