Hamster Kombat price plummeted by 30% on September 26, following the team’s largest airdrop on the Ton blockchain. Trading at $0.006810, the token is facing significant selling pressure as airdrop recipients are cashing out their rewards, contributing to the price decline. The token is currently consolidating, raising questions about its next move.
The massive Hamster Kombat airdrop distributed over 60 billion tokens to 131 million users, but despite its listing on major exchanges, several factors have contributed to the price drop:
1. Post-Listing Sell-Offs: Many airdrop recipients sold their tokens immediately after the listing, causing a sharp price decline.
2. Airdrop Distribution Issues: Influencers received large amounts based on referrals, leading to dissatisfaction and mistrust regarding the team's transparency.
3. Market Speculation: Initial price estimates were based on an assumed supply of 10 billion tokens. When the actual supply turned out to be much higher, it resulted in disappointment and further selling pressure.
4. Lock-Up Period Uncertainty: An unannounced lock-up period for 11% of the tokens has created additional uncertainty, leading to more sell-offs as participants became unwilling to hold the token.
The price is currently moving sideways between support and resistance, hinting at a potential downward breakdown.
Support: Immediate support is at $0.0060, breach below price can test $0.050.
Resistance: The upper resistance is at $0.0073, marking the current trading range's top boundary.
Hamster Kombat's market cap stands at $437 million, well below initial market speculation before the token listing. With a massive sell-off post-TGE event, the outlook remains grim unless the market sees a shift in sentiment.
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09-04-2025
28-09-2024
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28-09-2024
Hamster Kombat's market cap stands at $437 million, well below initial market speculation before the token listing. Hamster Kombat's market cap stands at $437 million, well below initial market speculation before the token listing.
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