Hamster Kombat (HMSTR) has finally launched its long-awaited token generation event and begun distributing its airdrop. A whopping 75% of the total supply will be distributed to the community. The Ton network has warned that this airdrop has the potential to clog the blockchain, as seen in the DOGS event, and advised validators to be cautious. As the airdrop takes place, letâs take a closer look at the latest developments in the Hamster Kombat market.
HMSTR Token Distribution and Listing on Exchanges
According to data from Tonviewer, Binance has received the largest amount of HMSTR tokens, currently holding 18.08% of the total supply, making it the largest holder of Hamster Kombat tokens. OKX follows closely, holding 4.127% of the total supply. Other exchanges, including Gate.io (0.396%), Bitget (0.221%), and MEXC (0.113%), have also received significant amounts of tokens. The rapid listing of HMSTR on exchanges has created a buzz in the market. However, this rapid distribution has raised concerns in the community.
Since the airdrop began, HMSTR tokens have begun trading on multiple exchanges. Initially priced at $0.009, the tokenâs market cap has skyrocketed to around $579.22 million. However, some investors quickly sold their tokens, causing the market cap to drop by 29.50%. HMSTR is currently priced at $0.0068, with a market cap of $448 million. These rapid price fluctuations have left the community uncertain, with many large token holders unsure whether to hold or sell.
HMSTR Details and Community Concerns
The total supply of Hamster Kombat tokens is 100 billion, with 63 billion currently in circulation. The team has announced that 12% of the supply will be locked for 10 months. Additionally, Hamster Kombat has climbed to 138th place on CoinMarketCap and is ranked 12th by volume.
The community is concerned about influencers selling large amounts of tokens, which could lead to further price declines, a situation that happened with the DOGS airdrop. Many investors are concerned that Hamster Kombat could face a similar scenario.
Hamster Kombat Team's Future Plans
The HMSTR team has announced plans to engage more with the community after the airdrop. Their future strategies include token buyback programs, token burn initiatives, and upcoming in-game rewards.
Roadmap for Hamster Kombat Announced as Airdrop Continues
The team is also working on a Progressive Web App (PWA) to make the HMSTR experience more accessible on both desktop and mobile. They have also hinted at new features like NFT integration within the gaming ecosystem. How these developments will affect the token price remains to be seen.
