Hamster

Notcoin

Sweat Economy

Hamster Kombat

when

Hamster Kombat’s token plunged by over 30% following its much-anticipated airdrop and token listing. 
Hamster Kombat (<a rel="" href="https://crypto.news/price/hamster-kombat/">HMSTR</a>) crashed to $0.0088, bringing its total valuation to over $574 million, making it the 110th largest cryptocurrency. Its opening price was also significantly lower than the pre-market futures high of $0.3865. 
It has been listed on several large centralized exchanges, including Binance, OKX, MEXC, Gate.io, Woo, and KuCoin. Binance also launched an earn program, where participants will have a chance to win 100 million HMSTR tokens. 
Data from <a href="https://www.coingecko.com/en/coins/hamster-kombat" target="_blank" rel="nofollow">CoinGecko</a> shows that Hamster has a maximum supply cap of 100 billion tokens, with 64.3 billion of them in circulation. This decline likely occurred as many airdrop recipients began selling their tokens. 
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 ✅ On-chain is on ✅ ⚡️ On-chain direct claim and balance withdrawal options are open. You can now transfer your tokens anywhere!— Hamster Kombat (@hamster_kombat) <a href="https://twitter.com/hamster_kombat/status/1839270795173941568?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 26, 2024</a>
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Hamster Kombat’s valuation means that it is smaller than Notcoin (<a href="https://crypto.news/price/notcoin/" target="_blank">NOT</a>), the first <a href="https://crypto.news/tap-to-earn-games/" target="_blank">tap-to-earn</a> token to be listed, which has a market cap of over $871 million.&nbsp; 
Fundamentally, Hamster has a larger ecosystem than Notcoin. It boasts over 300 million players, 37.6 million YouTube subscribers, and 14.3 million followers on X. 
A likely reason for the price drop is that Hamster has over 35 million tokens locked, while all of Notcoin’s 102.4 million tokens are in circulation. 
The biggest short-term risk for Hamster will be increased selling by millions of people who have accumulated billions of tokens over the past few months. Typically, newly listed Telegram tokens experience a decline shortly after launch. 
 You might also like: <a rel="" href="https://crypto.news/hamster-kombat-launches-listing-but-community-is-still-unhappy/"> Hamster Kombat launches listing, but community is still unhappy </a> 
Catizen (<a href="https://crypto.news/price/catizen/" target="_blank">CATI</a>) initially jumped to $1.150 after launch but has since dropped by over 38%. Similarly, Notcoin and Pixelverse have both seen double-digit declines from their all-time highs. 
On the positive side, Hamster Kombat’s airdrop happened at a time when most cryptocurrencies are rising. Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) rose to $64,700 while the total valuation of all coins rose by 3.7% to $2.26 trillion. 
Other highly anticipated tokens have also disappointed in the past. For example, Sweat Economy has dropped by 94% from its record high, despite Sweatcoin having over 50 million users before the SWEAT token airdrop. 
 You might also like: <a rel="" href="https://crypto.news/hamster-kombat-game-airdrop-controversy-boycott/"> Hamster Kombat backlash: why users are boycotting one of the most-hyped crypto games </a>

Hamster Kombat in a harsh reversal; market cap drops below Notcoin

crypto.news

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