The recent high and low volatility of Hamster Kombat ($HMSTR) has caused traders to have differing opinions. There has been considerable adverse sentiment following the arrest of Gotbit CEO Alexey Andryunin, who was a major contributor to $HMSTR's market-making efforts.
Investor confidence has been severely impacted by the investigation into cryptocurrency fraud and manipulation, which involves multiple businesses connected to $HMSTR. The announcement caused a 12% decline in $HMSTR's price, indicating that the community was immediately concerned. On the plus side, the project continues to have a devoted and engaged fan base, and some market players are considering taking advantage of the price decline as a possible opportunity to purchase. In the near future, the token might stabilise thanks to the community's ongoing support.
