- $HMSTR token was listed with a price of $0.001
- People had predicted that the listing price would be somewhere around $0.1 or $0.05
- Some users referred to the token as dust
Nigerians took to social media to express disappointment as the token of popular tap-to-earn web3 game, Hamster Kombat, was listed for trading on several crypto exchanges on September 26.
They complained mostly about the poor price and their inability to make money from the token, which was listed with the ticker $HMSTR. The token was listed with a price of $0.001 and, at the time of writing, was trading at $0.0072 with an all-time high of $0.010. According to Coinmarketcap data, the market cap hoveered around $516.29 million and the trading volume was $537.25 million.
$HMSTR had a lot of promise. The game broke records and was the most popular tapper game on web3 and on the internet. People had predicted that the listing price would be somewhere around $0.1 or $0.05. Other ambitious people predicted a listing price of $1 and expected to make huge money from the sale of their allocated tokens. But those hopes were dashed.
$HMSTR price movement. Source: Tradingview
TheRadar had reported that the cries of disappointment started when the Hamster Kombat team distributed the token. Some of the players got very little compared to what they had expected and the work they put in, they said. Some complained of having millions of in-game currency but got tokens not commensurate with the amounts.
Despite the small amount of token they were allocated, many of the players kept hope alive, believing that the price would be good and that they could sell and get some respite.
So, when the listing time came, eyes were glued on the exchanges as everyone anticipated the price. But some would become somewhat teary as the listing price popped up as people who had received about 100 $HMSTR saw that it was worth less than $1. In anger and disappointment, they took to social media to vent.
On X, formerly Twitter, $HMSTR trended and it was all stories of disappointment. Some users referred to the token as dust and said they were dumping it.
“Is this what is supposed to make me a CEO?” one posted on X and attached a screenshot of their $HMSTR and the dollar equivalent.
“Many are hoping $HMSTR will soar to $0.1 or above after listing today at 5.30 pm IST, but what are the chances?” posted another user. “To reach $0.1 the FDV has to be staggering $10B of market cap which looks a bit difficult looking at the backlash which #hamster has been getting; even the pre market price for $HMSTR Closed below $0.01; I think a FDV of around $5-$7 billion can be a possible scenario which would mean around $0.005- $0.007 of price but it can even be lower.
“$HMSTR Bybit dumpers are real. Dumping the dust,” another user posted.
Another user posted, “CEOs after farming Hamster for months,” and attached a video of three people emerging from an old, rickety car covered in dust and wearing dirty, dusty clothes.
“So na HAMSTER KOMBAT my enemy wan use get me. $HMSTR U do this one oh,” a user posted.
“f**k $HMSTR, My 100 days were wasted”, another user posted.
“$HMSTR this has to be a joke... cause why?” a user asked.
Another user posted, “Imagine working for four months plus and getting paid $8. Hamster Kombat this one pass DUST, nah Air.”
What DeFi is and how you can make money with DeFi staking
Meanwhile, TheRadar earlier reported that in the crypto world, there are a lot of jargons. Some of these jargons are popular in crypto circles but not for the everyday reader who runs into random crypto articles on the internet.
One of those popular jargons is DeFi. In this article, we will explain what DeFi means. That's not all. We will also explain what DeFi staking is and how you can make money from DeFi staking.
