The anticipated Hamster Kombat (HMSTR) airdrop took place on September 26, distributing 60 million tokens to game players. However, the airdrop did not meet expectations, causing immediate sell-offs.
HMSTR token launched at $0.014 but quickly dropped by 20%, now trading at $0.0069, representing a 30% decrease in 24 hours. The surge in trading volume to $1 billion, despite the price drop, signals bearish market sentiment.
Volatile trading volumes indicate interest in HMSTR, yet the falling price suggests downward pressure. Players criticized the disappointing airdrop, and despite banning 2.3 million users, rewards remained diluted, averaging around $8.
The HMSTR price shows some stability between $0.0067 and $0.0069. The Relative Strength Index (RSI) is neutral, implying potential short-term price fluctuations. Future price movements are uncertain, with potential rebounds if selling pressure eases.
Overall, HMSTR's current bearish indicators, combined with player discontent, create an uncertain outlook for the token's future performance.
