- Hamster Kombat (HMSTR) has fallen 39% over the previous week.
- The viral token has reached a market capitalization of $382.4 million since its debut.
- HMSTR hit an all-time low on September 29 at a worth of $0.005562.
Hamster Kombat, a viral tap-to-earning recreation based mostly on Telegram, is going through uncertainty as cryptocurrency traders react to an enormous drop within the worth of HMSTR, the sport's native token.
In keeping with knowledge from CoinMarketCap, HMSTR has fallen by greater than 39% up to now seven days. On the time of writing, it’s buying and selling at $0.006104, down 39.58% from its all-time excessive of $0.01004 reached 4 days in the past.
The Hamster Kombat token technology occasion occurred just some days in the past and the altcoin has been struggling ever since. The viral recreation airdrop was one of the crucial anticipated occasions of 2024 for the crypto house, after Notcoins (NOT), ZkSync (ZK), LayerZero (ZRO) and different airdrops.
Within the final 24 hours, HMSTR's buying and selling quantity elevated by 49.64% to $249 million, and the cryptocurrency reached a market capitalization of $382.4 million, which is the 149th place within the crypto market. Most buying and selling quantity for the cryptocurrency happens on Binance for the HMSTR/USDT buying and selling pair.
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After itemizing on Binance, the world's largest crypto change by buying and selling quantity, the HMSTR token surged 581% and reached a billion greenback buying and selling quantity on its first day, outperforming most altcoins within the crypto house.
HMSTR accumulative drops
The Accumulation/Distribution chart exhibits whether or not the asset is at the moment being amassed by traders or whether or not distribution is prevailing, which is a bearish indicator for costs.
The above chart supplied by TradingView confirms a major drop in HMSTR accumulation, indicating that traders are promoting their tokens to benefit from the positive factors made throughout the itemizing.
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