Hamster Kombat token price plunges on exchange debut

Telegram’s tap-to-earn Web3 game Hamster Kombat is celebrating the listing of its HMSTR token on cryptocurrency exchanges, even as the token’s price is rapidly declining.

Hamster Kombat took to X to officially announce that the HMSTR trading has started. The listing news came shortly after Hamster reported that HMSTR airdrop was live, with balance withdrawal options opening at around 12:00 pm UTC.

HMSTR’s price plummets 10% within one hour

Amid the news, HMSTR plummeted as much as 10% within one hour, according to CoinGecko data.

According to the data, HMSTR’s value has tanked about 30% over the past 24 hours, from $0.012 to $0.0087.

According to Hamster Kombat’s official communication, HMSTR is now being traded on major crypto exchanges like Binance and HashKey.

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An announcement by HashKey indicates that HMSTR started spot trading against Tether (USDT) at 12:00 pm UTC, while withdrawals are expected to launch on Sept. 27 at 12:00 pm UTC.

“HMSTR deposits and withdrawals will be available via the TON network,” HashKey noted.