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Cryptocurrency News Articles

Hamster Kombat, the Once-Viral Telegram-Based Crypto Game, Has Hit a Snag

Nov 05, 2024 at 01:57 pm

The game's user base is down from a peak of 300 million to just 41 million since August.

Hamster Kombat, the Once-Viral Telegram-Based Crypto Game, Has Hit a Snag

Once touted as “the fastest-growing digital service in the world” by Telegram CEO Pavel Durov, Hamster Kombat has lost a staggering 260 million monthly active users since August. The game, which saw phenomenal early adoption with 4 to 5 million new users joining daily, now has only 41 million users left.

In parallel, the HMSTR token has crashed 76% from its launch price of $0.009993, hitting a low of $0.002392. Launched in March 2024, Hamster Kombat rose in popularity thanks to its Telegram integration and airdrop of HMSTR tokens, which saw massive hype among users in Nigeria, Kenya, and other African countries. However, the game's popularity quickly faded due to its poor AI art and repetitive gameplay.

Disappointment Over HMSTR Airdrop, Mass Bans Rampant

Reports from Nigeria revealed widespread disappointment among users who felt misled by Hamster Kombat's HMSTR token airdrop on September 26, 2024. According to the asset manager Vanguard, users were expecting “life-changing payouts” but instead received only 1 to 4 dollars.

Adding to the frustration, the airdrop faced multiple delays. Most users reportedly sold their tokens for single-digit figures, far below their initial expectations. Furthermore, the app's anti-cheat system triggered 2.3 million allegedly unjustified bans and the confiscation of 6.8 billion HMSTR tokens.

Hamster Kombat also drew criticism from the Iranian government. Iran's military deputy chief accused the game of being a “soft tool” used by Western forces to undermine the country's religious government and distract voters from the election. Similarly, Russia's State Duma Committee chairman labeled Hamster Kombat a scam and advocated for its ban.

HMSTR Token Crashes 39%: What Happened to HMSTR?

The HMSTR token's sharp decline has continued, exacerbating panic within the community. At press time, HMSTR is trading at $0.002368, with a 24-hour dip of 0.62%. The token has seen grave falls of 17% and 49% over the last week and month, respectively.

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Other articles published on Nov 05, 2024