On Sunday, September 29, 2024, market data showed that the TON-powered crypto asset, hamster kombat (HMSTR), fell 14% against the US dollar over the past day, just three days after its market launch. Initially trading at $0.009993 per token when it first appeared on major exchanges, HMSTR has lost more than 42% of its value since then.

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

The numbers show that HMSTR, the native token for the TON-based Web3 game Hamster Kombat, is still facing a significant sell-off. Bitcoin.com News previously reported that the token dropped 30% on its opening day on top exchanges. On Sunday, HMSTR fell to $0.005613, hitting a new record low, marking a 14% drop today.

Hamster Kombat is essentially a clicker game hosted on the TON blockchain via Telegram. Players tap digital hamsters to earn HMSTR coins, which can be used to upgrade, participate in mini-games, and level up activities. The game makes things more interesting with daily quests, social features, and even a mining mechanic.

HMSTR, the game's native token, has been airdropped to dedicated players, rewarding them for their achievements and in-game engagement. At its current price on Sunday, hamster kombat boasts a market capitalization of $365 million, making it the 193rd largest crypto asset out of more than 10,000 crypto assets.

Currently, 64,375,000,000 HMSTR are in circulation, and over the past 24 hours, the TON-focused token has seen $248 million in global trading activity, with Binance leading the way as the most active exchange. According to tonscan.com, HMSTR has 12,498,400 holders and a maximum supply of one hundred billion HMSTR.

The top wallet controls 61,362,223,003 tokens, or 61.36% of the total supply. Binance's hot wallet is a close second with 14,356,128,737 HMSTR, holding around 14.36% of the total supply. A staggering 93.95% of the entire HMSTR supply is locked in the hands of the top five wallets, which hold the majority of the tokens.

Like most newly launched crypto tokens, HMSTR’s early journey in the market has been rocky, hinting at potential hurdles to future stability and liquidity. Whether it can find solid ground may depend on expanding its holder base and retaining both new and veteran players to mine the digital hamsters.

What did you think of HMSTR's loss on Sunday? Share your thoughts and opinions on the subject in the comments section below.
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