The native token for the Telegram mini game Hamster Kombat has achieved a daily trading volume of $5.3 billion, attracting over 11 million token holders, even as the Web3 game recently experienced a decline in active users.
Hamster Kombat is an engaging tap-to-earn (T2E) game that has rapidly gained traction in crypto and gaming communities. This game uses the Telegram platform and enables players to earn crypto by tapping on a virtual hamster character while engaging in various tasks and quests.
Each Hamster character possesses individual traits and abilities, bringing customization and strategy to the game that has captivated both crypto enthusiasts and casual gamers.
HMSTR Hits $1.3 Billion
The Hamster Kombat team announced that daily spot trading volume for its Hamster Kombat (HMSTR) token has surged to $1.3 billion, while perpetual trading volume climbed to an impressive $4 billion.
The 11 million token holders show the community’s commitment. This level of adoption is rare for a token launched in recent months and underscores the project’s community-driven nature.
Hamster Kombat has built an extensive community on platforms like Discord and Reddit, where holders discuss strategies and vote on decisions.
Community Bullish on Hamster Kombat
Despite the recent decline in users, community sentiment stays upbeat. CoinMarketCap data reveals that 73% of the 87,689 voters feel optimistic about Hamster Kombat, while 27% showed bearish sentiment.
Hamster Kombat also saw its monthly active users decrease by 86%, dropping from a high of 300 million in August to 41 million.
Data from IntoTheBlock indicates a significant drop in active addresses, which reached over 700,000 on September 27 but declined to slightly above 20,000 by November 13.
While the token’s price declined from an all-time high of $0.01 on September 26 to $0.0022 on November 4, HMSTR saw a slight recovery as it surged to $0.004401 on November 14.
