Hamster Kombat market cap falls as holders rush to sell.

Hamster Kombat‘s (HMSTR) token value plunged by over 30% following its highly anticipated airdrop and listing on major exchanges. The token’s price dropped to $0.0088, giving it a total market valuation of $574 million, placing it as the 110th largest cryptocurrency. This marked a sharp fall from its pre-market futures price high of $0.3865.

HMSTR is now listed on popular exchanges such as Binance, OKX, MEXC, Gate.io, Woo, and KuCoin. Binance even launched a special earn program, offering participants the chance to win 100 million HMSTR tokens. Despite the initial excitement, the sudden sell-off by airdrop recipients has caused a significant price drop.

Hamster Kombat vs Notcoin

The crash means Hamster Kombat is now valued lower than Notcoin, the first tap-to-earn token, which boasts a market cap of $871 million. Despite this, Hamster Kombat has a larger ecosystem, with over 300 million players, 37.6 million YouTube subscribers, and 14.3 million followers on X. In contrast, Notcoin’s entire 102.4 million token supply is circulating, whereas Hamster Kombat still has 35 million tokens locked, contributing to its lower market cap.

Short-Term Risks for HMSTR
The biggest challenge facing Hamster Kombat in the short term is the potential for further selling pressure. Millions of people have accumulated billions of tokens over the past few months, and the influx of newly available tokens has sparked a wave of selling, which typically happens with newly listed tokens on Telegram.

The next few weeks will be crucial for Hamster Kombat’s future as it navigates the volatility following its token launch.