OKX to List Hamster Kombat’s HMSTR Token on September 26, Airdrop Event Planned

• Hamster Kombat’s HMSTR token will be listed on OKX’s spot market on September 26, coinciding with its token generation event.
• OKX ranks as the fourth largest crypto exchange by volume and will organize campaigns to boost user engagement for the HMSTR listing.
• The HMSTR airdrop, allocating 60% of the token supply to users, raises concerns about potential selling pressure upon the token’s market debut.

According to an announcement on Aug. 30, OKX will list HMSTR popular clicker game on Telegram, is set to have its native token, HMSTR, listed on the prominent crypto exchange OKX. The listing is scheduled for September 26, a date that coincides with the game’s highly anticipated token generation event. This strategic timing aims to align with the launch of the token’s airdrop, which has been long awaited by the game’s extensive user base.

OKX Gears Up for HMSTR Listing

OKX, the world’s fourth-largest cryptocurrency exchange by daily trading volume, as ranked by CoinGecko, will offer HMSTR in its spot trading market. The listing is expected to draw significant attention from the crypto community, especially with the exchange planning several user engagement campaigns around the event. These campaigns are designed to build momentum and ensure a smooth transition into trading for the new token. Additionally, OKX has introduced a dedicated countdown page to further heighten anticipation among traders and potential investors.

Background and Strategic Moves by OKX

Previously, OKX had already introduced HMSTR on its pre-market futures platform, which was launched last month. The platform offered users an opportunity to trade HMSTR with 2x leverage, allowing early adopters to capitalize on the initial excitement surrounding the token. This move set the stage for the token’s eventual spot market debut and underscored the exchange’s commitment to promoting new and promising projects within the crypto space.

Implications of the Airdrop and Market Reactions

The upcoming airdrop is expected to be one of the largest in crypto history, with 60% of the token’s total supply allocated to users. While this is likely to attract significant participation, there are concerns about the potential selling pressure that could arise once the token is listed. A similar scenario was observed with the Notcoin project, where a large airdrop led to a sharp decline in the token’s price post-listing.