Hamster Kombat Hits the Exchange, Faces Sharp Drop

The Telegram-based tap-to-earn Web3 game, Hamster Kombat, celebrated the listing of its HMSTR token on cryptocurrency exchanges, but the token's price quickly fell.

Hamster Kombat officially announced the start of HMSTR trading on X (formerly Twitter), right after launching the HMST-airdrop.

Sharp Decline in HMSTR Price

Despite the excitement, the HMSTR token experienced a sharp decline. Within just one hour of the news, the price dropped by 10%, according to CoinGecko data. Over the past 24 hours, the token's value plummeted by approximately 30%, falling from $0.012 to $0.0087.

The Hamster Kombat team confirmed that HMSTR is now being traded on major cryptocurrency exchanges such as Binance and HashKey. It is also available on OKX, Bybit, KuCoin, and MEXC, among others.

HashKey reported that HMSTR started instant trading at 12:00 UTC against Tether (USDT), with withdrawals expected to begin at the same time on September 27.

Binance Launches Futures Trading for HMSTR

Shortly after the initial listing announcement, Hamster Kombat revealed that Binance had also opened futures trading for HMSTR. The trading on Binance is available with up to 75x leverage.

In addition, Binance has included HMSTR in its Super Earn program, allowing token holders to earn special annual percentage rates (APY) using the Simple Earn Locked Products. According to Binance, users could potentially earn up to 300% on their HMSTR tokens within a 7-day locked period. The minimum subscription for this program is 100 HMSTR per user.