- HMSTR’s volume increased shockingly on November 9, moving from $39 million at 00:27 GMT to $496 million by 14:03 GMT
- On November 9, HMSTR’s volume surged to $1.49 billion—a staggering 3,720% increase in volume and an all-time high.
- Hamster Kombat reportedly lost some 260 million players in just 3 months
The volume of $HMSTR, the token of the popular tap-to-earn game Hamster Kombat, surprisingly surged by a massive 3,720% to reach almost $1.5 billion early this month. This is just after the project recently lost 259 million, or 86% of its users.
According to data tracked by Protos, the HMSTR’s volume increased shockingly on November 9, moving from $39 million at 00:27 GMT to $496 million by 14:03 GMT. The next day, the trajectory continued as its volume again surged to $1.49 billion—a staggering 3,720% increase and an all-time high.
The massive increase also affected the token’s price: on the same day, the price surged from $0.002638 to $0.005954, a 125% increase. But the forces that triggered the surge could not sustain it. Four days later, the volume fell to $160 million and the price to $0.003931.
Hamster Kombat volume from November 8 to 14. Source: Coingecko and Protos.
Since then, the volume has not witnessed such a shocking surge again. At the time of writing, HMSTR traded at $0.003929, down 2.49% over the last day and down 4.81% over the past week. Trading volume in the past day increased by 75.81% to $274.42 million, while the market cap has fallen by 2.71% to $252.39 million, according to Coinmarketcap data.
Why did $HMSTR token volume surge?
Experts and crypto enthusiasts are still bemused as to why there was a sudden surge in the volume of the $HMSTR token. TheRadar had earlier reported that Hamster Kombat reportedly lost some 260 million players in just 3 months. In July, Hamster Kombat boasted over 300 million players, but checks later showed that its users have now crashed to 40.9 million, losing a whopping 259 million users.
The volume is most surprising, given this massive drop in users and the poor performance of the $HMSTR token. However, one thing to note is that on the first day the volume surged, on November 9, Hamster Kombat announced that it was stopping the $HMSTR token withdrawals.
“Token Withdrawal Is No Longer Available. All players who kept their $HMSTR tokens in the game will be rewarded. Season 2 is right around the corner. Stay tuned,” it posted on the project’s announcement page on Telegram.
Some crypto enthusiasts may suggest that the news of Hamster Kombat’s season 2 was a reason for the surge, but that is most unlikely as the season 2 announcement had been made since October. In fact, season 2 was billed to commence at the end of October but did not, and at the time of writing, has no specific commencement date.
How crypto influencer was kidnapped and killed
Meanwhile, TheRadar earlier reported that On November 13, authorities in Montreal, Canada, said the dead body of a crypto influencer identified as Kevin Mirshahi was recovered. Local media reports revealed that the body was found at Île-de-la-Visitation park in Montreal’s Ahuntsic-Cartierville borough.
According to local media, The Gazette, a passerby discovered the decomposing body at the nature park around 10am on October 30. After the police were informed, an autopsy was conducted, and the body was identified as Kevin Mirshahi.
