Telegram’s tap-to-earn Web3 game Hamster Kombat is celebrating the listing of its HMSTR token on cryptocurrency exchanges, even as the token’s price is rapidly declining.
Hamster Kombat took to X to officially announce that the HMSTR trading has started. The listing news came shortly after Hamster reported that the HMSTR airdrop was live, with balance withdrawal options opening at around 12:00 pm UTC.
Source: Hamster Kombat
HMSTR’s price plummets 10% within one hour
Amid the news, HMSTR plummeted as much as 10% within one hour, according to CoinGecko data.
According to the data, HMSTR’s value has tanked about 30% over the past 24 hours, from $0.012 to $0.0087.
Hamster Kombat (HMSTR) one-hour price chart. Source: CoinGecko
According to Hamster Kombat’s official communication, HMSTR is now being traded on major crypto exchanges such as Binance and HashKey. CoinGecko data shows that HMSTR has also debuted trading on OKX, Bybit, KuCoin, MEXC and others.
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An announcement by HashKey indicates that HMSTR started spot trading against Tether’s USDt (USDT) at 12:00 pm UTC, while withdrawals are expected to launch on Sept. 27 at 12:00 pm UTC.
“HMSTR deposits and withdrawals will be available via the TON network,” HashKey noted.
Binance opens futures trading for HMSTR
Shortly after HMSTR’s debut listing announcement, Hamster Kombat reported that Binance had opened futures trading for the token.
“Trading with up to 75x leverage is available,” Hamster Kombat noted on X.
Additionally, Binance previously announced that HMSTR would be available on its earning program, Binance Super Earn. The product allows tokenholders to earn a special annual percentage rate for a limited time with a limited quota using Simple Earn Locked Products.
Binance said that HMSTR holders can earn up to 300% on their tokens within a seven-day locked period. The minimum subscription per user is 100 HMSTR.
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