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Will Hamster Kombat’s Token Soar or Plummet After Its Major Exchange Debut?

25.09.2024 19:30 1min. read Alexander Zdravkov
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Will Hamster Kombat’s Token Soar or Plummet After Its Major Exchange Debut?

Anticipation is building for the upcoming launch of Hamster Kombat's HMSTR token, set to debut tomorrow on major exchanges like Binance and OKX.

Airdrop analyst Gautam Gupta predicts a price drop post-listing, as many airdrop hunters typically cash out quickly.

Gupta compares this launch to Notcoin, which achieved a fully diluted valuation of around $900 million by releasing a large portion of its tokens during its airdrop.

If Hamster Kombat mirrors this approach with 63% of its 100 billion tokens available at launch, the expected market cap could range from $504 million to $567 million, leading to an initial price between $0.008 and $0.009.

However, Gupta warns about the project’s speculative nature, citing concerns over the team’s experience and the token’s long-term utility. Crypto influencer Ajay estimates a price range of $0.005 to $0.01, suggesting a $1 billion market cap is unlikely.

Preparations for the listing are in full swing, with Binance reporting over $14 billion in total value locked. The three-day airdrop will distribute 3 billion HMSTR tokens, coinciding with the trading launch. As excitement mounts, the HMSTR airdrop and on-chain claims will begin at 10:00 UTC on September 26, with trading set to start at noon UTC.

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