Hamster Fight: The hype fades, gamers depart, and tokens crash

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  • Hamster Kombat's month-to-month energetic customers dropped from 300 million to only 41 million.
  • Customers felt let down because the app's HMSTR airdrop didn’t meet their expectations.
  • The HMSTR token fell 76% from a excessive of $0.009993 to a low of $0.002392.

Hamster Kombat, the as soon as widespread Telegram-based crypto recreation, has stalled, shedding practically 260 million month-to-month energetic gamers since August. The sport's consumer base has fallen from a peak of 300 million to only 41 million. On the similar time, the HMSTR token plunged 76% from its launch worth of $0.009993 to a low of $0.002392.

Launched in March 2024, Hamster Kombat rapidly turned widespread, gaining over 300 million customers inside 5 months. The app had surprisingly early adoption, with 4 to five million new customers becoming a member of every day. Telegram CEO Pavel Durov even praised Hamster Kombat as “the world's quickest rising digital service.”

From virus outbreak to mass exodus

Nevertheless, the sport's recognition rapidly light on account of poor AI artwork and repetitive gameplay. It was unable to keep up an enormous participant base. Studies from Nigeria reveal widespread disappointment amongst customers who felt misled by Hamster Fight’s HMSTR token airdrop on September 26, 2024. Asset administration agency Vanguard mentioned in a weblog publish: It's 4 {dollars}. ”

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Including to the frustration, the airdrop confronted a number of delays. In response to studies, most customers offered their tokens for single-digit numbers, far decrease than initially anticipated. As well as, the app's anti-cheat system led to 2.3 million allegedly unfair bans and the confiscation of 6.8 billion HMSTR tokens.

Additionally learn: Hamster Kombat token crashes by 39%: What occurred to HMSTR?

Hamster Kombat continued to be controversial, receiving criticism from the Iranian authorities. Iran's deputy army chief accused the sport of being a “mushy device” utilized by Western forces to undermine the nation's spiritual authorities and distract voters from elections. Equally, the Chairman of Russia's State Duma Committee labeled Hamster Fight a rip-off and advocated for its ban.

In the meantime, the sharp decline in HMSTR tokens has exacerbated the panic among the many neighborhood. On the time of writing, HMSTR was buying and selling at $0.002368, down 0.62% in 24 hours. The token has skilled a big decline of 17% and 49% within the final week and month, respectively.

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