Hamster Kombat’s HMSTR token is scheduled to debut on major exchanges, including Bybit, OKX, and Gate.io, on Sept. 26, 2024. Alongside the listing, over 1 billion tokens will be distributed in a large airdrop designed to boost user engagement. However, the substantial size of the airdrop has raised concerns about potential market volatility when trading begins.
The project is leaning into a community-driven approach, allocating 60% of the total token supply to miners. By leaving out venture capitalists, Hamster Kombat coin is banking on creating a decentralized ecosystem. But with such a large number of tokens entering the market, some worry this could impact the token’s price after the initial listing.
Analyst Warns of Post-Airdrop Decline for Hamster Kombat Coin
Vladislav Antonov, a financial analyst at Bitriver, warned that Hamster Kombat’s success after the coin airdrop might not last long. He expects the airdrop to spark interest initially, but believes many users will quickly trade their HMSTR coin for other cryptocurrencies.
Notably, Antonov highlighted the game’s simple tap-to-earn mechanics, stating that they may not keep users engaged for long. “If the game sticks to basic screen-tapping, users will lose interest fast,” Antonov told Russian media.
Additionally, Antonov flagged concerns about the token’s distribution process and potential legal challenges tied to the game’s origin. He also noted the risk of the TON blockchain becoming overwhelmed by the large number of airdrop claims, similar to what happened with the DOGS token last week.
If TON faces similar problems, the project could struggle to gain market confidence, further impacting the post-airdrop performance of Hamster Kombat Token.
There is also speculation about a potential Binance listing, although there has been no confirmation from the exchange. A Binance listing would likely boost the token’s liquidity and visibility.
