As a seasoned researcher with years of experience in the volatile world of cryptocurrencies, I must admit that the sudden 30% plunge of the HMSTR token upon its listing on major exchanges is not an uncommon sight. However, the timing and swiftness of this drop are certainly raising eyebrows.
In simple terms, the value of the highly expected HMSTR token for Hamster Kombat dropped by 30% shortly following its debut on prominent cryptocurrency trading platforms.
The cryptocurrency world is taken aback by the listing price, and gamers (often referred to as “hamster CEOs”) are expressing remorse for investing so many hours into the game.
According to CoinGecko’s data, the value of HMSTR decreased from $0.012 to $0.008684 within the past few hours following its launch, representing a 30% overall drop. This significant price decrease took place even after Hamster Kombat announced the token’s listing and following an HMSTR airdrop.
Not just Coingecko, but CoinMarketCap as well has noted a significant decrease in the value of $HMSTR tokens. Interestingly, this drop occurred immediately following its initial release.
According to CoinMarketCap’s data, there’s been a 10% drop in Token’s price which currently stands at 0.008715.
At exactly 12:00 PM UTC, trading for Tether (USDT) commenced, with HashKey verifying that deposits and withdrawals of HMSTR can now be facilitated through the TON network. This means HMSTR is now available for exchange on prominent cryptocurrency platforms such as Binance and HashKey.
Initially, the public held great anticipation towards the HMSTR token, expecting it to perform well upon being listed on prominent exchanges. However, the sudden plunge in its price immediately following the listing left several people disheartened. The investors were hoping for a promising start, but the quick descent has sparked worries about the token’s potential future success.
Despite not commenting on the recent drop in prices, Hamster Kombat persists in highlighting its wider objectives, such as a 2025 strategy, as it strives to strengthen its position within the Web3 gaming sector.
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2024-09-26 17:56