Hamster Kombat Airdrop Fails? HMSTR Price Prediction After the 30% Drop

The post Hamster Kombat Airdrop Fails? HMSTR Price Prediction After the 30% Drop appeared first on Coinpedia Fintech News

Hamster Kombat took to X to officially announce that HMSTR trading has officially begun. The Telegram’s tap-to-earn Web3 game is celebrating the listing of its HMSTR token on cryptocurrency exchanges, despite the token’s price rapidly declining. Notably, the team had faced backlash owing to its chaotic airdrop distribution recently. 

HMSTR Trading Begins!

The listing of Hamster Kombat’s HMSTR token caught a dramatic 20% drop in its price, prompting discussions among airdrop winners. Initially trading at $0.014, the token’s price has slipped to approximately $0.011. 

Trading commenced at 12:00 UTC on Thursday, with listings on prominent exchanges like Binance, OKX, Bitfinex, and Bitget. Along with trading, the platform enabled on-chain token claims, with options for immediate withdrawal. As of writing, HMSTR Is trading at $0.008189, down over 30% in the past 24 hours. 

This token release serves as a significant benchmark for Hamster Kombat which also poses a crucial test for the TON blockchain, as it had experienced outages during the DOGS airdrop in August. Developers had alerted about the increased load expected from transactions by Hamster Kombat owing to its extensive user base.

There were speculations by market analysts and influencers that it would trade between $0.005 and $0.01 before listing. Crypto influencer Ajay Kashyap also predicted that the token would shoot to $0.01, considering the hype surrounding its Binance listing. 

Hamster Kombat’s Roadmap To 2025

Just recently, Hamster Kombat revealed its ambitious roadmap for 2025. The plan details the development of a Web3 gaming platform that integrates external payment systems and introduces new games.

It also incorporates non-fungible tokens (NFTs) as in-game assets. The roadmap also includes the creation of a dedicated advertising network to support the games. The team noted that revenues from this network will fund token buybacks and rewards distribution.

Interestingly, only 43% of the game’s total user base received tokens in this airdrop. Furthermore, 11.25% of the tokens distributed during the first season are locked for 10 months, which was a recent point of discussion. This distribution strategy and the lock-up period aims to stabilize the token price and foster long-term value for holders.