The trading volume of the token jumped to $128.05 million, which sounds great on paper. Such a surge usually indicates renewed interest, especially from major players. Earlier this month, volumes reached an even more impressive $1.3 billion in spot markets and $4 billion in perpetual trading. But here's the catch: none of this has led to sustained price increases. The price of the $HMSTR
token continues to decline.
Market sentiment is also divided. A recent CoinMarketCap poll with 89,563 votes shows that 73% of users are still optimistic, but the dominance of whales raises concerns. Since 86% of the tokens are in the hands of several large wallets, small investors, who own only 13.88%, seem afraid to return.
Where are the players going?
One of the biggest alarms is the sharp drop in the number of active users of Hamster Kombat. Back in August, his mini-app had a staggering 300 million users. Fast forward to November, and that number has plummeted to just 30.4 million. This is an 86% drop in a few short months, which is not good news for a project that depends on player engagement.
The developers are promising big changes in Season 2, teasing features such as NFT integration, virtual game studios, and custom community tasks. But here's the problem: the launch date has not yet been determined. At the moment, users are stuck with basic tasks and third—party games - this is hardly the hype that is needed to bring them back.
What to expect
The future of Hamster Kombat seems to hang in the balance. On the one hand, the broader cryptocurrency market is now in a good position thanks to the bitcoin rally. This can help support trading activity. On the other hand, the problems with the price and the involvement of the token will not be solved by themselves.
To get back to normal, the team needs to fulfill its promises for season 2 - and quickly. Without real updates and a stronger user base, even high trading volume may not be enough to turn the tide.
