As reported by The Bit Journal, Hamster Kombat (HMSTR) has finally launched its long-awaited token generation event and started distributing its airdrop. A whopping 75% of the total supply will be distributed to the community. The Ton network has warned that this airdrop could potentially congest the blockchain, as seen in the DOGS event, and advised validators to be cautious. As the airdrop progresses, let’s take a closer look at the latest developments in the Hamster Kombat market.
HMSTR Token Distribution and Exchange Listings
According to data from Tonviewer, Binance has received the largest inflow of HMSTR tokens, currently holding 18.08% of the total supply, making it the biggest holder of Hamster Kombat tokens. OKX follows closely, controlling 4.127% of the total supply. Other exchanges, including Gate.io (0.396%), Bitget (0.221%), and MEXC (0.113%), have also received significant amounts of tokens. The rapid listing of HMSTR across exchanges has created a buzz in the market. However, this fast-paced distribution has raised concerns within the community.
Hamster Kombat, which claims to have 100 million monthly active users, is finally launched. Unlike DOGS, Binance is the biggest winner in capturing HMSTR token flow. Binance pre-deposit exceeds 6.2 billion HMSTR, and the current Binance HMSTR balance has reached 18 billion,…
— Wu Blockchain (@WuBlockchain) September 27, 2024
Since the airdrop began, HMSTR tokens have started trading on multiple exchanges. Initially priced at $0.009, the token’s market cap soared to approximately $579.22 million. However, some investors quickly sold off their tokens, causing the market cap to drop by 29.50%. HMSTR is now priced at $0.0068, with a market cap of $448 million. These rapid price fluctuations have left the community uncertain, with many large token holders unsure whether to hold or sell.
HMSTR Details and Community Concerns
The total supply of Hamster Kombat tokens is 100 billion, with 63 billion currently in circulation. The team has announced that 12% of the supply will remain locked for 10 months. Additionally, Hamster Kombat has climbed to 138th place on CoinMarketCap and ranks 12th in terms of volume.
Advertisement Banner
The community is worried about influencers selling large amounts of tokens, which could lead to further price drops, a situation seen before with the DOGS airdrop. Many investors are concerned that Hamster Kombat may face a similar scenario.
Future Plans from the Hamster Kombat Team
The HMSTR team has announced plans to engage more with the community following the airdrop. Their future strategies include token buyback programs, burn initiatives, and upcoming in-game rewards.
Roadmap for Hamster Kombat Unveiled as Airdrop Continues
The team is also working on a Progressive Web Application (PWA) to make the HMSTR experience more accessible on both desktop and mobile devices. They have also hinted at new features such as NFT integration in the gaming ecosystem. How these developments will affect token prices remains to be seen.
- https://twitter.com/Thebitjournal_
- https://www.linkedin.com/company/the-bit-journal/
- https://t.me/thebitjournal
Follow us on Twitter and LinkedIn and join our Telegram channel to be instantly informed about breaking news!
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
