HMSTR Token Plunges 27% on Panic Selloff
Date: 2025-06-13 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
At the time of writing, the token is trading around $0.00107, down 27% from the previous 24 hours. After peaking at $0.0028 on May 11, HMSTR has fallen nearly 60% in a month. The cryptocurrency’s market cap has fallen by about $25 million, now sitting at around $69 million.
According to CoinMarketCap, the token’s trading volume has more than tripled in the past 24 hours, indicating high investor activity, mostly a panic selloff. Analysts attribute the decline to a massive liquidation of positions by small holders, spurred on by larger players who recently sold a significant portion of their HMSTR holdings. These large sales have negatively affected market demand and undermined confidence in the token.
An additional factor of pressure on the price was the unfulfilled expectations of the Hamster Kombat community regarding the token listing on one of the leading crypto exchanges, Binance. The lack of confirmation from the platform caused disappointment among investors and increased bearish sentiment.
The situation is also aggravated by the in-game token acquisition model, which has significantly increased the supply of HMSTR on the market. At the same time, the circulating supply already amounts to 64 billion out of a maximum possible 100 billion tokens, which increases the pressure from sellers and weakens the price.
Technical analysis on the daily chart confirms the current downtrend: the price is significantly below the 20-day simple moving average, which is around $0.0019. This signals a continuing decline and no prerequisites for a trend reversal in the near future.
Thus, amid a major sell-off and negative expectations, the Hamster Kombat market is showing signs of a major correction, with volatility and uncertainty remaining high. Investors are advised to closely monitor further developments and consider the risks when trading this asset.
