Paldon’t! Hamster Kombat Hits $1.2B Trading, Price Drops Amid Reward Complaints
Hamster Kombat’s $HMSTR token hit $1.2 billion in trading volume but saw a sharp drop in price, leading to user complaints about airdrop allocations.
- Although it exceeded a billion in trading on its first day, the token’s value dropped by 18%, with many players frustrated by the small rewards they received.
- Some proceed to unfollow the game or report Hamster Kombat accounts on social media.
What’s the significance: The Hamster Kombat token launch highlights web3 gaming’s ability to generate huge trading volumes and user engagement, while also revealing the challenge of keeping players satisfied with token rewards. (Read more: List of Free Telegram Games with Potential Airdrop – Tap To Earn Games)
Key details:
- On September 26th, popular Telegram game Hamster Kombat launched its token $HMSTR on TON, distributing 60 billion tokens through an airdrop.
- However, some users, after months of gameplay, criticized the token distribution as “dust“—small, insignificant amounts.
- Despite this, the token recorded over $1.2 billion in trading volume within 24 hours, placing it among the most actively traded cryptocurrencies like Binance Coin (BNB) and Dogecoin (DOGE).
The numbers:
- Out of 300 million players, 131 million qualified for the airdrop, while 2.3 million were disqualified for cheating.
- Over 108,000 wallets hold HMSTR, and 30 million users began trading the token immediately after the airdrop.
- As of writing, CoinGecko data shows that $HMSTR is currently valued at $0.006716 and it went down by 4.4% in the last 24 hours.
Between the lines: The mixed reactions to the airdrop reveal the balancing act web3 game developers face between incentivizing players and maintaining long-term engagement.
- While large trading volumes show strong interest, small token payouts could lead to player burnout or frustration if they feel their time investment isn’t adequately rewarded.
What’s next: Hamster Kombat’s roadmap includes a second season, expansion beyond Telegram, and another airdrop next summer.
Worth reading: Previously, after another huge Telegram game, Catizen, revealed $CATI airdrop rewards, players also expressed disappointment over allegedly unfair allocations, with some high-level players receiving fewer tokens than lower-level or newer players, sparking demands for transparency.
This article is published on BitPinas: Paldon’t! HMSTR Hits $1.2B Trading, Price Drops Amid Reward Complaints
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