HMSTR plummets after Binance listing
The post HMSTR plummets after Binance listing appeared on BitcoinEthereumNews.com.
Hamster Kombat was listed across major exchanges with 100 million users. HMSTR prices declined by 30.42% over the past day. Hamster Kombat [HMSTR], a popular tap-to-earn game on Ton Blockchain, recently captured attention within the crypto community. Since its launch six months ago, it has amassed more than 300 million users. HMSTR listed across major exchanges On the 26th of September 2024, HMSTR saw a shift in market dynamics after various crypto exchanges listed it. The altcoin was listed on major platforms including Binance, OKX, and Kucoin. Following the listing on Binance, the exchange outpaced others in capturing the market flow. As such, Binance pre-deposits exceeded 6.2 billion tokens and the balance following the listing reached a record 18 billion, which is 18%. In other exchanges such as Bybit, pre-deposits were 3 billion tokens which was 4.6% while OKX had 4.1%. HMSTR plummets after listing While the listing was highly anticipated, the market had an immediate negative reaction. HMSTR experienced a sharp decline shortly after listing. While its pre-market futures high was $0.3865, the opening prices did not match expectations. The initial trading price was $0.014 which declined by 32.6% to $0.011. Shortly after, HMSTR further plummeted to $0.0088. Therefore, the altcoin has experienced a sustained decline since the listing. In fact, at the time of writing, HMSTR was trading at $0.006791. This marked a 30.42% decline over the past day. Over the same period, its market cap declined by 30% to $437 million, according to Coinmarketcap. Source: CryptoQuant On the upside, although HMSTR prices had declined, its monthly active addresses soared. According to Cryptoquant, Hamster Kombat surpassed 100 million monthly active users and launched its HMSTR token on The Open Network (TON). As such, the first block had 4.3% of transactions interacting with the Hamster Kombat contract address. Impact…
Filed under: News - @ September 28, 2024 1:14 am