HMSTR Coin Plummets 42% in 24 Hours! The Blood and Tears Revelation of Retail Investors Behind the "Warehouse Economy" Collapse
1. Event Recap: An Absurd "Hamster Wheel Style Crash"
On June 12, 2025, the once-popular click-to-earn game token Hamster Kombat witnessed a single-day drop of 42%, with the price crashing from $0.0035 to $0.002, resulting in a market cap evaporation of over $280 million. This crash, humorously referred to by the community as the "Hamster Jumping Off the Building Drop," exposed the fatal flaws in the Meme coin economic model:
Absurd Trigger: An accidental click on the "Sell All" button by the project's CEO during a live stream triggered panic selling.
On-Chain Data Evidence: A whale address transferred 120 million HMSTR to exchanges before the crash, suspected of dumping in advance.
Community Faith Collapse: The Telegram group shifted from "Wealth Strategy" to collective psychological therapy, with administrators posting hamster memes daily to stabilize emotions.
2. Three Major Culprits of the Plunge: It's Not Just the Hamster's Fault
Airdrop Sell Pressure Nuclear Explosion
In the project's early stages, 60 billion tokens were airdropped to 131 million users. After unlocking, retail investors sold off frantically, leading to a spiral price decline.
Trust Crisis Erupts
The development team was exposed for secretly increasing the token supply and did not disclose lock-up rules in advance, prompting the community to criticize the "transparency worse than hamsters."
Exchanges' Joint Harvesting
Platforms like Binance suddenly reduced leverage multipliers during the plunge, forcing the liquidation of long positions, with a liquidation amount reaching $5.1 million within 24 hours.
3. Blood and Tears Lessons: The "Three No Principles" of Chinese Retail Investors
Do Not Believe in "Low-Threshold Wealth"
The "Click to Earn" mechanism of HMSTR seems simple, but it actually requires continuous new user acquisition to maintain profits—essentially a new disguise for a Ponzi scheme.
Do Not Catch Falling Knives
The current RSI indicator has fallen to the oversold zone of 26, but the technical support level of $0.002 is virtually nonexistent; buying the dip = bare-handedly catching a hamster on a wheel.
Do Not Bet on a Single Narrative
Competitor CATCOIN took the opportunity to mock: "Handing the economy over to rodents? #Cats are the way to go"—the essence of the Meme coin war is the internal competition of attention economy.
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