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06/12 17:10

Will Hamster Kombat price recover after falling 90

Hamster Kombat token crashed to a record low on Thursday, capping the downfall of one of the most prominent players in the tap-to-earn industry.
Hamster Kombat hmstr-18.46%Hamster Kombat plunged to $0.0010, down 89% over the past year. The token’s market capitalization has collapsed from over $437 million in September to just $67 million today.
HMSTR’s crash came as many holders capitulated and sold their tokens. Nansen data shows exchange balances have increased by 13% over the past 30 days, rising to over 17.86 billion HMSTR. A rise in exchange balances typically indicates that investors are moving tokens from self-custody to centralized platforms to sell.
Additional on-chain data shows that the number of HMSTR holders dropped from over 300 million at its peak to just 672,200 today. Most exited as the token collapsed and user activity on its mini app declined sharply following its token generation event.

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