Hamster Kombat Lost Around 35% of its Value Immediately After Launch.
Hamster Kombat's recent debut of the HMSTR token saw a sharp 35% drop, causing concern among those who received tokens from the airdrop event.
Starting at $0.014, the token’s value has now dropped to around $0.009.
Built on The Open Network (TON) blockchain, Hamster Kombat is a popular tap-to-earn game. In its first season, the game distributed 60 billion tokens to 131 million eligible users.
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Signs of an Altcoin Correction Emerge, According to Bitfinex InsightsTON’s blockchain handled significant user activity after the token launch, which caused some network slowdown.
“We would like to inform you that we expect increased activity on the TON blockchain starting at 10:00 UTC on September 26” the network previously said.
Trading began on Thursday, with tokens listed on major exchanges such as Binance, OKX, and Bitget. Along with trading, the platform also opened on-chain requests for tokens, allowing users to download them instantly.
