TON-Powered Hamster Kombat Coin Reaches All-Time Low on Sunday

Market data revealed that the TON-powered crypto asset, hamster kombat (HMSTR), experienced a 14% drop against the U.S. dollar over the last day.

The TON-powered hamster kombat (HMSTR) coin encountered a 14% drop against the U.S. dollar on Sunday, hitting an all-time low just three days after its market debut.

According to market data, the HMSTR token, which is native to the TON-based Web3 game Hamster Kombat, experienced heavy sell-offs. Earlier, Bitcoin.com News reported a 30% decrease in the token’s value on its opening day across top exchanges.

On Sunday, HMSTR dropped to $0.005613, hitting a new all-time low and marking a 14% decline for the day.

Hamster Kombat, a click-to-earn game hosted on the TON blockchain, is accessible via Telegram. Players can tap on digital hamsters to earn HMSTR coins, which are used for upgrades, joining mini-games, and leveling up operations. The game also features daily missions, social interactions, and mining mechanics.

The game's native token, HMSTR, was airdropped to dedicated players, rewarding their in-game achievements and engagement. At its current price on Sunday, hamster kombat has a market cap of $365 million, ranking 193rd among over 10,000 crypto assets.

Presently, 64,375,000,000 HMSTR are in circulation, and the TON-centric token has seen $248 million in global trading activity within the last 24 hours, with Binance emerging as the most active exchange. According to tonscan.com, HMSTR has 12,498,400 holders, and the max supply is 100 billion HMSTR.

The top wallet controls a substantial 61,362,223,003 tokens, which equates to 61.36% of the total supply.紧接着, Binance's hot wallet ranks second with 14,356,128,737 HMSTR, holding around 14.36% of the total supply. A remarkable 93.95% of the entire HMSTR supply is concentrated within the top five wallets.

Similar to most newly launched crypto tokens, HMSTR's early market performance has been turbulent, indicating potential challenges for future stability and liquidity. Whether it can attain solid ground will likely hinge on expanding its holder base and maintaining the engagement of both new and experienced players in tapping away at digital hamsters.

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