The futures price of Hamster Kombat dropped by 50% from its peak, hitting a record low of $0.1586 in the futures market, as investor interest waned. This sharp decline was driven by a rapid sell-off in the futures market.
However, Hamster Kombat players need not worry, as the pre-market futures performance is not expected to significantly impact the value of Hamster Tokens when the airdrop launches.
Currently, Hamster Kombat futures are exclusively offered by OKX, where transaction volumes remain low. Data reveals that open interest in Hamster Futures stands at just 295,720 tokens, with a 24-hour trading volume of 389,000 tokens.
Given the ongoing bear market for altcoins, there is a risk that Hamster Kombat tokens could decrease in value if the airdrop occurs at this time. Furthermore, other recent Tap to Earn projects have seen their token prices drop by double digits. For example, Notcoin has plummeted by 68% from its June peak, a trend that could also affect Hamster Kombat once its airdrop is released.
The Hamster Kombat project appears to have reached its peak, with activity around it slowing down. The platform’s YouTube channel, which gained over 30 million subscribers in a month, had only grown to 35 million by August 16.
With its self-claimed 300 million users, Hamster Kombat faces significant challenges, particularly in maintaining user engagement after the airdrop, as many players are likely to sell off their hamster tokens. This is a common issue in the industry, where projects often lose momentum post-airdrop.
For instance, Shiba Inu, one of the most popular meme coins, surged to $0.000088 in 2021 but has since fallen by 85% to $0.000015.
However:
Hamster Kombat, with over 300 million players, is one of the largest Tap to Earn Web 3 projects. If successful, its upcoming airdrop could be the biggest in the crypto industry. Hamster Kombat is part of a group of Web 3 games hosted on Telegram, alongside Notcoin, Tapswap, Blum, and Pixelverse.
The Hamster Kombat team recently disclosed that they turned down offers from investors and venture capital firms to maintain complete control and autonomy over the project. This decision was made to ensure the project stays true to its mission and that developers can focus on enhancing the game’s experience and profitability for players.
