HMSTR Plummets 17%, Is the Tap-to-Earn Myth Coming to an End?

Hamster Kombat (HMSTR) has recently experienced a market trend that insiders describe as a "direct nuclear explosion." In less than 24 hours, the price of HMSTR dropped 17%, sliding from the original $0.0012 all the way down to $0.001028, having evaporated nearly 90% from its historical high of $0.01. This decline is not coincidental; it is a result of whale dumping + airdrop selling pressure, leading to a complete collapse of market confidence.

On the Nansen side, on-chain data is clear: the balance of exchange wallets suddenly surged, indicating that someone is preparing not just to sell but to conduct a massive clearance sale. Looking at the financing rates, they are all negative, showing that short-selling sentiment is rampant. Technically, the RSI has dropped to 14.64, fully entering the oversold zone. What are the chances of a rebound? Essentially none.

Let’s not forget that this project initially gained traction through airdrops and 300 million users, but now the active users have dwindled to only 13 million, showing a cliff-like decline. Many people dumped immediately after receiving their airdrops, and coupled with the occasional issues with TON and TG wallets, patience is wearing thin. Furthermore, the token unlocked 88.75% upon launch, yet circulation continues to increase, making this unhealthy token economics only exacerbate the dumping.

Gameplay like "Tap-to-Earn" indeed saw a peak, but it has now basically entered its final phase. From everyone scrambling to complete tasks to now running away as soon as there’s an unlock, this is no longer a game; it’s a rush to cash out.

While other coins are still doing well, only HMSTR is jumping off a cliff. At this point, to fantasize about a V-shaped reversal is truly unrealistic. The crypto market is this harsh; projects that rely on airdrops to attract users often meet their end the fastest.

If you’re still watching the scene of HMSTR’s plummet, feel free to follow me for continuous updates on the project’s future direction, as I help you see the true nature of these short-lived coins.

For more analysis and exclusive insights, feel free to visit my homepage and stay tuned! #以色列伊朗冲突 #加密市场回调