Hamster Kombat finally completed its Token Generation Event and started distributing its airdrop, where approximately 75% of the total supply will be given to the community.
The Ton network alerted validators to remain vigilant, as this airdrop could seriously slow down the blockchain, similar to what happened during the DOGS airdrop.
Tokens on exchanges
Binance users received the largest share of $HMSTR tokens, holding 18.08% of the total supply, and OKX has become the second-largest holder with 4.127% of the tokens.
Other exchanges that have listed Hamster tokens include Gate.io, Bitget, and MEXC, which hold 0.396%, 0.221%, and 0.113% of the total supply, respectively.
Several crypto exchanges already listed Hamster Kombat tokens, and as soon as the airdrop started, users began receiving $HMSTR tokens, leading to trading activity.
Within an hour, Hamster Kombat was priced at $0.009, and its market cap reached around $579.22 million.
Of course, as trading continued, many in the community began selling their tokens, causing a drop of 29.50% in market cap.
Supply details and community concerns
Out of a total supply of 100 billion tokens, 63 billion have been released into circulation now, and the Hamster team stated that 12% of these tokens will remain vested and will be unlocked after ten months.
The token already climbed to the 138th position on CoinMarketCap and ranks 12th in trading volume.
The Hamster team shared some interesting facts about the airdrop on their official X account, telling that over 30 million users have begun trading.
This number is likely even higher now. Many users are unsure whether to hold onto their airdropped tokens or sell them quickly, because there have been cases often where influencers received large amounts of tokens during an airdrop and then sold them off rapidly, causing significant price drops that left regular users stuck with their holdings.
This situation was seen during the DOGS token launch, and many in the community fear the same now as the price of Hamster tokens continues to drop since their listing.
