Hamster Kombat Token Crashes 30% After Binance Listing

The newly launched play-to-earn (P2E) Hamster Kombat (HMSTR) token crashed shortly after being listed on major cryptocurrency exchanges such as Binance and HashKey. Despite the hype surrounding its debut, the Hamster Kombat token plummeted by 10 percent within the first hour of trading, according to CoinGecko data. Over the past 24 hours, the token’s value has decreased by nearly 30 percent, falling from $0.012 to $0.0087. The Hamster Kombat team took to social media to announce the official start of HMSTR trading across platforms. OKX, Bybit, KuCoin, and MEXC, alongside Binance and HashKey were among the top platforms selected for listing. This follows the launch of the HMSTR airdrop and the opening of balance withdrawal options for users a day earlier. Despite the sharp price decline, Binance has introduced futures trading for HMSTR, offering up to 75x leverage for investors. Additionally, Binance has added HMSTR to its Super Earn program. Token holders can earn up to 300 percent annual returns in a seven-day locked period. Binance is offering this service at a minimum subscription of 100 HMSTR tokens. Data from CoinGecko shows that HMSTR has a maximum supply cap of 100 billion tokens, with 64.3 billion of them in circulation. The opening-day decline likely occurred as many airdrop recipients began selling their tokens.