The token, tied to the blockchain game Hamster Kombat on the TON network and sharing its name, has dropped 30% against the U.S. dollar. As of 10:17 a.m. EDT on Thursday, Sept. 26, 2024, HMSTR is priced at $0.008794 per token, giving it a market cap of roughly $559 million.
After being listed on several major trading platforms including Binance, HMSTR has shed 30% in value.
Further statistics reveal there are currently 64,375,000,000 HMSTR in circulation. In the past day, its trading price has fluctuated between $0.008251 and $0.01246 per coin. At its current price and market cap as of 10 a.m., HMSTR sits as the 134th largest cryptocurrency by market capitalization among the top 200. Since its appearance on major exchanges, HMSTR has seen a trading volume of $366,950,416.
HMSTR is available for trading on platforms like Binance, Okx, Bybit, Kucoin, and Bitmart, among others. Binance has emerged as the most active hub for HMSTR trades, according to coingecko.com and coinmarketcap.com data. This dip in value comes at a time when the broader crypto market has experienced a modest uptick of 0.98% over the past day.
The significant drop in HMSTR’s value within its first day of trading reflects the unpredictable nature of newly launched crypto tokens, particularly in a market that otherwise shows positive growth. While it remains to be seen if this decline will continue or stabilize, early market trends highlight the potential volatility that new crypto assets often face.
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