Hamster Kombat (HMSTR) Token Rallies 88% as Broader Crypto Market Recovers

Hamster Kombat's token, HMSTR, printed massive gains today as the broader crypto market rallied following Donald Trump's historic presidential election win and the Federal Reserve's move to cut interest rates a quarter percent.

Hamster Kombat’s token, HMSTR, clocked triple-digit gains on Wednesday as the broader crypto market capitalization surged following Donald Trump’s historic presidential election win and the Federal Reserve’s move to cut interest rates a quarter percent.

CoinMarketCap data showed that the overall crypto market cap surged 3.56% in the last 24 hours to reach $2.6 trillion. Bitcoin (BTC), the world’s largest crypto asset, traded at $76,341 at the time of writing, while Ethereum (ETH) and Solana (SOL) exchanged hands at $3,044 and $198, respectively.

HMSTR Token Price Surges

HMSTR’s price started to experience an astronomical surge on November 9 at around 08:00 (GMT+3), rising from $0.00262 to $0.0042 within a few hours, according to the latest market data. The token had gained 88% in the last day to trade at $0.0047 at press time.

HMSTR’s price surge came after the token lost nearly 73% of its value following a controversial airdrop that saw 2.3 million players banned from the platform for cheating, according to a Protos report. The once-viral clicker game is now struggling to retain users.

However, the game’s performance seems to be improving, with the HMSTR token posting intraday gains of 250%, according to CoinMarketCap data. Other popular Web3 game tokens launched on Telegram also posted intraday gains, with Catizen (CATI) and Notcoin (NOT) clocking gains of 25.76% and 24.33%, respectively.

While the massive gains could indicate a positive future for Hamster Kombat, the game has yet to launch its second season, which was promised by the end of October. Its developers might be preparing for something big, but the delay could sow more seeds of doubt among loyal supporters.

Recently, Hamster Kombat distanced itself from Gotbit amid market manipulation concerns, and Binance debuted a “HMSTR Secret Airdrop” ahead of Launchpool and listing.