Here’s Why Hamster Kombat (HMSTR) Price Crashed 17% Today

Hamster Kombat (HMSTR) is going through a rough patch after losing 17% in under 24 hours. Several factors are contributing to the HMSTR price crash, including massive whale sell-offs and waning enthusiasm for the project.

Hamster Kombat Loses 17% in a Single Day

The Telegram-based Tap-to-Earn project Hamster Kombat has seen HMSTR tumble by over 17% in 24 hours. According to CoinMarketCap data, HMSTR is trading at $0.001028, a decline that has left investors puzzled by the recent price behavior.

The steep price drop leaves HMSTR trading nearly 90% below its all-time high of $0.01. Amid the double-digit percentage decline, Hamster Kombat is recording a spike in trading volumes, signaling intense market activity from traders.

This latest drop comes amid a broader decline for the Telegram-based gaming project. Over the last seven days, Hamster Kombat has lost 49% of its value, while the 30-day chart reveals a 60% decrease.

The 17% decline stands in stark contrast to Hamster Kombat’s price predictions, which had projected an uptrend for HMSTR in June 2025.

Why Is The Price Dropping?

Several factors are behind the project’s steep price drop, but a whale sell-off appears to be the primary trigger for today’s crash. Nansen data indicates a spike in exchange balances, a classic sign of an incoming dump. Moreover, Hamster Kombat’s perpetual funding rates are negative across several exchanges, indicating strong short pressure on HMSTR.

Notably, the wave of panic selling is closely tied to HMSTR airdrop beneficiaries offloading their holdings. Enthusiasm is dwindling within the ecosystem due to dissatisfaction with handling Hamster Kombat’s airdrop, of which only a portion is immediately claimable.

Beyond the immediate causes, the project’s user engagement has plummeted from over 300 million to fewer than 13 million. The drop in user metrics, speculation of insider selling, and the emergence of phishing clones are all contributing to the downward pressure. From a technical standpoint, Hamster Kombat’s RSI is extremely oversold at 14.64, with little to no signs of a near-term reversal.

Analyst Perspective: Why HMSTR Is Falling Fast

In a post on X, analyst Crypto Philip also highlighted several key factors driving the sharp decline in HMSTR’s value. He noted that following one of the most hyped airdrops of the year, over 131 million users received free tokens, many of whom are now rapidly selling. Whale activity from top wallets, likely controlled by insiders, is adding further sell pressure.

Philip also highlights weak tokenomics, with 64 billion tokens already in circulation and more unlocks expected. Community frustration is growing due to only 88.75% of tokens being unlocked at launch, while technical glitches in TON and Telegram wallets have shaken user confidence.

Moreover, the broader Tap-to-Earn model appears to be losing steam, with most users opting to cash out rather than stay engaged. Technically, the chart has turned bearish, with HMSTR breaking below key support at $0.002 and showing no signs of recovery.

Meanwhile, the rest of the cryptocurrency markets are holding strong despite HMSTR’s decline. However, there are fears that Bitcoin failing to breach $111,000 may trigger a 14% correction for the flagship cryptocurrency.