Why Is Hamster Kombat Crashing? Here’s the Real Reason Behind the Dump 🐹📉

June 10, 2025 – Hamster Kombat, once the rising star of Telegram's “tap-to-earn” craze, is now experiencing a sharp plunge. After rockets in popularity, $HMSTR is on a steep decline. Here’s what went wrong:

1. Massive Airdrop = Instant Sell-Off

  • Over 131 million users received free tokens, leading many to dump immediately for profit (binance.com).


    Early insiders and whales added fuel to the sell-off, intensifying downward pressure.

2. Toxic Tokenomics

  • Circulating supply is currently ~64 billion, but can climb to 100 billion, promising more dumps as locked tokens unlock (flagship.fyi, binance.com).


    Weak incentive design: Without strong utility, there's little reason for users to hold.


    3. Community Disillusioned

    Confusing and unfair distribution—only 88.75% unlocked at launch—left many feeling cheated (binance.com, mitrade.com).


    With expectations mismanaged, trust has eroded and early momentum lost.

4. Technical Woes & Poor Experience

  • Users reported glitches on Telegram wallet and $TON chain that disrupted trading (binance.com).

    Usability issues triggered panic selling and a lack of faith.

5. The Tap-to-Earn Bubble Bursts

  • The broader “tap-to-earn” trend—seen in platforms like Notcoin, Catizen—was overhyped with no lasting ecosystem (binance.com, banklesstimes.com).


    Quick cash-outs became the norm while long-term support faded.

6. Bearish Technical Setup

  • $HMSTR broke critical support at $0.00235 in early February and went as low as $0.00147 (ccn.com).

    Charts show no sign of reversal—momentum indicators remain firmly negative (ccn.com).


    🔍 Broader Impact on TON and Telegram

    These Telegram + TON blockchain tokens registered choppy rush-like launches followed by rapid sell-offs (binance.com).


    Massive drop in users—from 300 million to just 41 million—reflects abandonment of play-to-earn hype (bitcoinist.com).

  • 🎯 What’s Next for HMSTR?

    Further dilution incoming as locked tokens are released—more downside risk.

    Need for strategic pivot: Without added utility or ecosystem growth, recovery seems unlikely.

    Market dependence: Sentiment across crypto will shape whether any bounce is even possible.

  • 🧭 Final Take


Hamster Kombat boomed on high user volume, viral growth, and massive airdrops—but its weak fundamentals, tokenomics, and overreliance on hype delivered a textbook crash. Unless the team introduces real-world use cases, developer incentives, and stable tokenomics, Hamster likely to keep bleeding. As always—FYI: Do your own research (DYOR).