WHY HAMSTER KOMBAT PRICE PLUMMETED

El-zion Global Network News.
Hamster Kombat, once the hottest tap-to-earn game on Telegram with a massive user base of 300 million players, has made a huge splash in the gaming and crypto world. With a YouTube channel boasting 36 million subscribers and a 55 million-strong Telegram group, the anticipation for the listing of its native HMSTR token was sky-high. But the excitement quickly turned to disappointment.

Yesterday, Hamster Kombat (HMSTR) was listed at $0.009, only to see its value nosedive by 30% within 24 hours, leaving players and investors wondering what went wrong.


Here are the five key factors behind the token's sudden drop:

1. Post-Listing Sell-Offs

Many users were eagerly waiting for the token to be listed so they could cash in on their airdropped tokens. As soon as HMSTR hit the market, many recipients rushed to sell their tokens, leading to a sharp drop in price. This post-listing sell-off is common, but the scale of it here caught many by surprise.

2. Frustration from "CEOs"

In Hamster Kombat, players known as "CEOs" had spent months grinding in the game to earn HMSTR tokens. Many were expecting significant rewards for their time and effort, but after the listing, their token stash was worth less than $10. This led to widespread frustration, with social media quickly filling with negative comments. For these players, the return on investment in terms of time simply didn’t match their expectations.


3. Airdrop Distribution Issues

One of the major gripes from the community was the uneven distribution of the airdrop. Influencers who had referred many new users were rewarded with huge amounts of tokens, while regular players received much smaller allocations. This uneven distribution left many feeling cheated and contributed to a loss of confidence in the project. Many of those disappointed users chose to sell off their tokens immediately.

4. Market Speculation vs. Reality

The hype around Hamster Kombat led to high expectations for the token’s value. Early price predictions were based on a total supply of 10 billion tokens, but when the actual supply turned out to be significantly higher, it caused disappointment. The market reacted swiftly, leading to further sell-offs.


5. Unanticipated Lock-Up Period

Another major factor was the mandatory lock-up period that affected 11% of the tokens. This lock-up period wasn’t clearly communicated beforehand, which caught many investors off guard. The uncertainty surrounding the lock-up led to panic selling, as participants became unsure about the project's transparency and long-term plans.

Conclusion: While Hamster Kombat’s listing started with great excitement, these five factors have contributed to the token’s early struggles. The team will need to address these concerns to rebuild trust and confidence in the project moving forward.

El-zion Global Network News 

Comments

Post a Comment

Popular posts from this blog

OYEDEPO'S COVENANT UNIVERSITY RATED THE BEST UNIVERSITY IN NIGERIA. BY WORLD UNIVERSITY RANKING BODY.

Image
  Covenant emerges Nigeria’s best university for 2024 By consistently demonstrating outstanding performance across various criteria, such as teaching, research, knowledge transfer, and international outlook, Covenant University has solidified its position as a leading institution of higher learning on the international stage. This recognition not only highlights the university's exceptional faculty, cutting-edge research facilities, and innovative programs but also underscores its commitment to nurturing future leaders and fostering a culture of academic excellence and intellectual growth. Covenant University's remarkable achievement of securing the top spot in the prestigious Times Higher Education World University Rankings 2024 is a testament to its unwavering dedication to academic excellence, research innovation, and overall institutional quality. This exceptional accomplishment reflects the university's commitment to providing a world-class education that meets global ...
Read more

STEPS FOR NIGERIAN MANUFACTURERS TO SECURE NAFDAC REGISTRATION.

Image
Smooth Steps for Nigerian Manufacturers to Secure NAFDAC Registration El-zion Global Network News.                            It is undeniable that the process of obtaining NAFDAC registration in Nigeria can be perceived as complex and daunting, leading many potential entrepreneurs to shy away from starting businesses in the food and drug sector. However, it is crucial to emphasize that cutting corners or attempting to bypass regulatory requirements can have severe consequences for businesses. NAFDAC registration is not just a legal obligation but also a necessary step to ensure the safety and quality of products being introduced to the market. Without proper registration, businesses risk facing legal penalties, product confiscation, and reputational damage that can significantly impede their growth and operations. By adhering to the NAFDAC registration process, entrepreneurs demonstrate their commitment to operating ...
Read more

GENDER IS A BIG FACTOR,IN THE UPCOMING US PRESIDENTIAL ELECTION.

Image
    The unexpected gender dynamic shaping the 2024 election Analysis by. El-zion Global Network News. All signs suggest that the partisan divide over changing gender roles in society could widen even further in the 2024 election, adding a new source of uncertainty to a contest already on a knife’s edge. Donald Trump's recent declaration to female voters that  "I will be your protector ' offered the latest demonstration of the former president’s determination to consolidate the voters most committed to traditional gender roles and family structures – a culturally conservative group that includes not only many men but also a large number of women. In the process, though, political strategists in both parties believe the GOP nominee risks further alienating the broad array of voters who are comfortable with the social changes that have challenged those traditional patterns of family life, especially women. Younger, college-educated and single women are likely to be particula...
Read more