Binance Grabs 18% of Hamster Tokens – $HMSTR Price Prediction!

The post Binance Grabs 18% of Hamster Tokens – $HMSTR Price Prediction! appeared first on Coinpedia Fintech News

Hamster Kombat has finally done the Token Generation Event and has started distributing the Airdrop. Around 75% of the total supply will be airdropped to the community. The Ton network has asked the validators to stay on high alert as this airdrop can cause the blockchain to clog just like during DOGS airdrop. As many hours have passed during the Airdrop, let’s find out what is happening in the Hamster Kombat market.

Token Distribution and Exchange Listings

According to the data from Tonviewer, Binance has received the highest $HMSTR token inflow. At the time of writing, it holds 18.08% supply of the Hamster Kombat token.

OKX has become the second biggest holder of token by capturing 4.127% supply. Other exchanges that have listed the Hamster token like Gate.io, Bitget, MEXC have received 0.396%, 0.221% and 0.113% of the total token supply respectively.

Market Activity and Price Fluctuations

There are multiple crypto exchanges that have listed hamster. As soon as the airdrop began, people started receiving the $HMSTR token and the trading began. Within an hour, Hamster Kombat was trading for $0.009 and the market cap reached around $579.22 million.

The community started dumping the token as soon the trading started which resulted in the loss of 29.50% of the market cap. At this moment, $HMSTR token is trading at a price of $0.0068 and has a market cap of $448 million.

Hamster Supply Details and Community Concerns

Out of the 100 billion total supply, 63 billion tokens have come to supply. According to the hamster team 12% will remain vested and will be unlocked after 10 months. The Hamster Kombat token has climbed to 138th position in coinmarket cap and for volume it has scored 12th position.

The hamster team from their official X account have shared some insights of this airdrop. According to them, over 30 million users have started trading, this number would be a lot bigger now.

A lot of users are still confused whether to hold the tokens received in the airdrop or to sell them quickly. There have been instances that influencers who get a high volume of tokens in airdrop dump their token on the community creating a huge drop in the price and then the community gets stuck with their holdings. The same thing was witnessed during DOGS. Community is afraid the same is going to happen again as the price of Hamster token has been declining since listing.