Hamster Kombat: The Epic Crash That Left Investors in Tears! 😱

So, guess what? Hamster Kombat token decided to take a nosedive on Thursday, and not just any nosedive—more like a dramatic plunge worthy of a soap opera finale! 🎭

Our beloved Hamster Kombat (HMSTR) has plummeted to a staggering $0.0010, which is a whopping 89% drop over the past year. I mean, who needs a rollercoaster when you have this token? 🎢 Its market cap has gone from a jaw-dropping $437 million in September to a mere $67 million today. Talk about a glow-up gone wrong!

As if that wasn’t enough, many holders threw in the towel and sold their tokens like they were last season’s fashion. Nansen data reveals that exchange balances have shot up by 13% in the last 30 days, now sitting at over 17.86 billion HMSTR. That’s right, folks—everyone’s moving their tokens from self-custody to centralized platforms faster than you can say “panic sell.” 😬

And here’s the kicker: the number of HMSTR holders has plummeted from over 300 million at its peak to just 672,200 today. Most of them exited stage left as the token crashed and user activity on its mini app took a nosedive after its token generation event. Ouch! 😢

But wait, there’s more! Demand in the derivatives market has also taken a hit. Futures open interest for HMSTR dropped to $30 million on Thursday, down from this month’s high of $60 million. It’s like watching a slow-motion train wreck, isn’t it?

Meanwhile, Hamster Kombat’s funding rate has sunk to a record low of minus 0.06%. A negative funding rate means traders are literally paying to keep their short positions open. It’s like paying for the privilege of being sad. 😩

Hamster Kombat’s epic crash is just a reflection of the broader trend among “to-earn” tokens. Other tap-to-earn tokens, like Notcoin (NOT), have also taken a dive after their token-generation events. It’s a real party, isn’t it? 🎉

HMSTR Price Technical Analysis

Now, let’s talk charts! The eight-hour chart shows HMSTR peaked at $0.0029 in April and formed a double-top pattern. Sounds fancy, right? But it’s more like a double flop now, with a neckline at $0.002438, the swing low from May 6.

Since then, the token has broken below key support at $0.001460, its lowest level since February. It’s also dipped below all major moving averages, while both the MACD and the Relative Strength Index have taken a nosedive. And let’s not forget the inverse cup-and-handle pattern—it’s like a sad little cup that nobody wants to drink from. ☕

Given these signals, it looks like the token will keep falling as buying interest remains as weak as my willpower in front of a chocolate cake. If the decline speeds up, the next level to watch will be $0.00095. Buckle up, folks! 🚀

2025-06-12 19:11

HMSTR Price Technical Analysis

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