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Hamster Kombat Crashes: Massive User Drop and Token Value Plunge Amid Controversy

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By on November 5, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Hamster Kombat Crashes: Massive User Drop and Token Value Plunge Amid Controversy appeared first on Coinpedia Fintech News

Hamster Kombat, once the largest mini-game on Telegram with 300 million accounts, has experienced a significant drop in activity. Monthly active accounts have fallen to about 41 million. The game’s token, HMSTR, has lost 76% of its value, dropping from a high of $0.009993 on September 26 to just $0.002392 now.

Earlier this year, Telegram’s CEO hailed Hamster Kombat as “the fastest-growing digital service in the world.” However, many players in Nigeria feel let down after delays in token airdrops and unfair disqualifications from the game’s new anti-cheat system. Reports indicate that 2.3 million users were banned, and 6.8 billion HMSTR tokens were confiscated, adding to player dissatisfaction.

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