- HMSTR token trading initiated on top exchanges, attracting significant interest.
- Over 60% of the airdrop has been claimed, with more distributions planned.
- Binance’s Super Earn program supports HMSTR with a dedicated token pool.
The Hamster Kombat (HMSTR) token has officially launched, allowing users to trade it on several major cryptocurrency exchanges. As of now, platforms including Binance, KuCoin, OKX, Bybit, Bitget, Gate.io, MEXC, and Bitfinex are hosting HMSTR trades, attracting significant attention from crypto enthusiasts.
Upon its listing, the token experienced notable volatility. Initially priced at $0.013, HMSTR saw a rapid decline, trading at $0.007154 shortly after, marking a 30.9% decrease. This shift brought the market capitalization to approximately $580.20 million, illustrating both the initial hype and trading activity surrounding the launch.
The token’s launch featured a substantial airdrop, with 131 million eligible players already claiming their share of HMSTR. Out of the total 100 billion tokens, 75% are allocated for airdrops. Currently, 60% of this supply has been distributed, with plans for a second season of airdrop distributions expected to release an additional 15%.
Binance is actively supporting the HMSTR launch through its Super Earn product. This initiative allows users to earn returns by staking their HMSTR tokens.
Additionally, Binance has set aside 100 million tokens as part of this incentivization strategy. The Launchpool also allocated 3 billion tokens, supported by locked assets worth 14 billion USDT in BNB and FDUSD.
In an effort to maintain integrity, the Hamster Kombat team has banned approximately 2.3 billion players for cheating. As a result, 6.8 million HMSTR tokens have been redistributed, with half allocated to genuine players and the remainder slated for burning to help stabilize token value.
Despite the excitement surrounding the launch, some analysts have raised concerns about the project’s long-term viability. Airdrop analyst Gautam Gupta pointed out the development team’s inexperience and highlighted the token’s limited use cases.
Although the project has implemented anti-cheat measures, ongoing scrutiny remains essential as the ecosystem evolves.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
