江哥
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Bearish
The price of Hamster Kombat (HMSTR) token plummeted 45% overnight. Is it the bubble bursting after the airdrop feast? Or is there something else going on in the market?
On September 26, after the distribution of 60 billion airdrops, the Hamster Kombat token suffered a market crash, and the price plummeted 45.4%, currently hovering at $0.006803. The storm originated from the massive sell-off after the airdrop, and investors were eager to cash out, causing the tokens to be under huge selling pressure. What is more striking is that the transparency of the distribution is questionable, and a large number of tokens flowed to influencers, which was far from the expectations of market communication, and severely hit investor confidence. In addition, the market originally expected a supply of only 10 billion, but the actual supply was far more than this number. Investors were unbalanced and sold out one after another, and the HMSTR token fell into a consolidation quagmire.
The plunge of Hamster Kombat is a wake-up call for the blockchain market. It reminds us that in token investment, we need to be vigilant about supply mutations and transparency issues. What do you think of the future of HMSTR? Come share your insights in the comments section!
On September 26, after the distribution of 60 billion airdrops, the Hamster Kombat token suffered a market crash, and the price plummeted 45.4%, currently hovering at $0.006803. The storm originated from the massive sell-off after the airdrop, and investors were eager to cash out, causing the tokens to be under huge selling pressure. What is more striking is that the transparency of the distribution is questionable, and a large number of tokens flowed to influencers, which was far from the expectations of market communication, and severely hit investor confidence. In addition, the market originally expected a supply of only 10 billion, but the actual supply was far more than this number. Investors were unbalanced and sold out one after another, and the HMSTR token fell into a consolidation quagmire.
The plunge of Hamster Kombat is a wake-up call for the blockchain market. It reminds us that in token investment, we need to be vigilant about supply mutations and transparency issues. What do you think of the future of HMSTR? Come share your insights in the comments section!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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