Hamster Kombat jumps 37 Percent after season 2 airdrop announcement
After hints of an upcoming Season 2 airdrop, the native token of Hamster Kombat, HMSTR, has increased 37% in the past day. The announcement was posted on Hamster Kombat's official Telegram channel.
Overall gains in HMSTR tokens linked to the spike in Bitcoin price
The announcement of a season 2 airdrop for the project, which caused its native HMSTR token to rise 37% in a single day, has turned the tide for the project.
The price spike of Bitcoin, which reached an all-time high of $80,000, is another factor contributing to the overall gains of the HMTSR token. The token's weekly gains have reached over 132% due to the generally favorable market conditions.
Hamster Kombat season 2 airdrop
The Hamster Kombat team announced the planned season 2 airdrop on the project's Telegram channel. The announcement on November 9 by the Hamster team stated that HMSTR token withdrawal is no longer available for players and plans to reward those that kept their tokens in the game. The team added that a season 2 airdrop for play to earn a crypto project is around the corner.
Hamster season 1 airdrop controversy
The project aims to make amends for the season 1 airdrop, which the Hamster Kombat community viewed as a failure. With over 300 million players, Hamster Kombat is a well-known cryptocurrency play-to-earn project that has been hailed as the largest in the industry's history. However, after a disappointing airdrop event, players left the project, causing the price of its token to plummet.
A startling 62% of its player base was left out of the first season due to a snapshot meant to determine eligibility for the highly anticipated HMSTR token airdrop. Within the gaming community, this decision has generated a great deal of discussion and controversy.
To maintain fairness in the airdrop, a new anti-cheating mechanism was implemented. However, this resulted in a backlash from the community because many players were flagged for cheating and disqualified from the airdrop.
Many players feel disenfranchised because only 131 million of the 300 million players who have joined Hamster Kombat since its launch in March 2024 will receive tokens. To safeguard the game's economy and reward players who follow the rules, the company decided to burn half of the tokens that were seized and redistribute the remaining tokens to players who abide by the rules.
Hamster Kombat loses roughly 260 million users within 3 months
In the crypto community, Hamster Kombat appears to be losing ground quickly. Due to new competition, bans, and political backlash, the well-known tap-to-earn game on Telegram has seen a dramatic decline in user numbers and engagement.
The game is likely one of the biggest in the world, with over 300 million users just three months ago. But since then, a lot has changed. Hamster Kombat had 300 million monthly active players in August, but as of Nov. 5, that number has dropped to just 41 million.
According to data from IntoTheBlock (ITB), there were roughly 772,330 active Hamster Kombat addresses at its peak on September 27. Whaleinsider News reported on November 5 that user activity and token interest have since decreased, falling by more than 36% in the past week. Some analysts have suggested that the newly released Paws Telegram Mini App is to blame for the drop in users. Paws had about 11 million users in the first two days.
Notwithstanding the difficulties, Hamster Kombat continues to have features that differentiate it from other crypto games based on Telegram, such as Notcoin, CATS, and Dogs. Hamster Kombat was up nearly 88% and among the top three trending coins on CoinGecko at the time of the last check on Saturday, November 9.
Disclaimer
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