Viral clicker game Hamster Kombat plummeted more than 29% after debuting today on major crypto exchanges.
Initially trading at $0.014, the HMSTR price picked up another zero to trade at $0.008788 as of 10:02 a.m. EST with a market cap of $564.8 million, according to CoinGecko.
The project’s highly-anticipated Season 1 airdrop of the HMSTR token took place at 12:00 p.m. UTC today.
60 Billion HMSTR Tokens Distributed Through Leading Crypto Exchanges
Hamster Kombat distributed 60 billion HMSTR tokens to 131 million qualifying players. This represents 60% of the altcoin’s total supply. The team announced that another 15 billion tokens will be distributed during the airdrop’s second season.
Trading for the crypto went live on multiple tier-1 centralized exchange platforms facilitating the token distribution event. Leading platforms including Binance , OKX , Bitfinex and Bitget have all added the crypto to their available trading pairs.
Along with trading on centralized exchanges going live, Hamster Kombat has also activated on-chain token claims. Options for immediate withdrawals have also been enabled.
TON Blockchain Braces For Technical Pressure From Hamster Kombat Airdrop
Given the size of HMSTR’s airdrop, the TON core team has warned of potential network challenges due to the substantial distribution volume. Earlier this month, the blockchain’s team said that the network “will undoubtedly face more technical pressures and possibly some unforeseen issues.”
TON blockchain validators have also been asked to keep an eye on the TON Status Telegram channel and execute any emergency actions within an hour of them being requested between Sept. 26 and Sept. 29.
While HMSTR starts its airdrop campaign and the TON core team prepares for abnormal amounts of traffic, some analysts are speculating that layer-2 meme coin Pepe Unchained (PEPU) could be the next altcoin to make waves in the crypto market.
The project has already raised over $15 million, and offers presale buyers who stake PEPU a 138% Annual Percentage Yield.
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