Hamster Kombat, once a popular game on Telegram, has seen a huge drop in players. In August, it had 300 million users, but now only 41 million people play the game, a decrease of 86%.
At the same time, a new game called Paws has quickly gained popularity. It reached 20.5 million users in just eight days, growing faster than Hamster Kombat did.
The number of active players in Hamster Kombat has also dropped. In late September, the game had around 772,000 active players, but that number has since fallen by more than a third.
The price of Hamster Kombat’s token, HMSTR, has also dropped significantly, losing almost 70% of its value since late September. This reflects the drop in user activity and interest in the game.
Other Telegram games, like the Dogs token, are facing similar declines. The value and activity for those tokens have also dropped in recent months.
Hamster Kombat has faced some negative attention, including criticism from the Iranian government and rumors of being banned in Uzbekistan, though those rumors were false. Despite this, the team behind the game plans to add new features, like NFTs and a payment system.
In contrast, the new Paws game is growing quickly. It reached 10 million connected wallets and 1 million followers on social media within just a few days.
Global crypto funds just logged a tenth straight week of fresh capital, pulling in another $1.24 billion even as prices slid and geopolitics turned tense.
Investor and entrepreneur Anthony Pompliano is rolling his private outfit, ProCap BTC LLC, into blank-check firm Columbus Circle Capital to form ProCap Financial, a new Nasdaq-listed business built around Bitcoin.
FTX’s legal team has moved to dismiss a $1.53 billion claim filed by Three Arrows Capital (3AC), calling it an exaggerated and baseless attempt to recover losses from risky trading.
FTX’s liquidators have filed a strong objection to a multi-billion-dollar claim by failed hedge fund Three Arrows Capital (3AC), arguing the request is based on exaggerated and misleading figures.