The amount of Hamster Kombat’s HMSTR token rose by 3,720% earlier this month, reaching virtually $1.5 billion regardless of shedding 259 million customers from its participant base.
HMSTR’s quantity elevated seemingly out of the blue on November 9, leaping from $39 million at 00:27 GMT to $496 million by 14:03 GMT.
The next day, its quantity jumped once more to $1.49 billion, a mindblowing 3,720% enhance in quantity and an all-time excessive, regardless of the accompanying participant loss.
Its value additionally shot up 125% from $0.002638 to $0.005954. Nonetheless, HMSTR’s quantity and value then fell to $160 million and $0.003931 over the following 4 days, an 89% and 33% lower respectively.
Learn extra: Hamster Kombat loses practically 260 million gamers in simply three months
Hamster Kombat quantity surge throughout withdrawal freeze
What prompted the sudden quantity enhance stays unclear. The one information from Hamster Kombat in the course of the surge was an announcement that token withdrawals have been not out there. Throughout its YouTube and X socials, no different main information was introduced.
Information of Hamster Kombat’s season 2 was additionally unlikely to have prompted it as this was already introduced final October. It was alleged to launch by the top of October however the workforce nonetheless doesn’t have a concrete date.
Bitcoin’s value change might have contributed to HSMTR’s quantity surge as its value rose from $76,000 on November 9 to $80,000 by November 10. Nonetheless, it solely actually started to shoot up in worth on November 11 after Hamster Kombat’s quantity had already began to drop.
Hamster Kombat does seem open about points of its quantity. Yesterday, it introduced that it had recorded a $1.3 billion 24-hour spot quantity and a $4 billion 24-hour perpetual buying and selling quantity. It additionally claimed it has “11 million $HMSTR on-chain holders!”
Protos discovered its July month-to-month participant base of 300 million had decreased 86% and misplaced 259 million gamers by November 4. Its month-to-month participant rely now stands at 52 million.
IntoTheBlock knowledge reveals the variety of day by day energetic addresses fell from roughly 700,000 in late September to simply 20,000 yesterday.
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