Hamster Kombat's airdrop is here! The long-awaited Token Generation Event has begun, distributing 75% of the total supply directly to the community. However, concerns are swirling about potential network congestion and price volatility.
Token Distribution and Exchange Listings:
- Binance emerges as the top recipient: Tonviewer data shows Binance holding the largest share (18.08%) of the airdropped tokens, followed by OKX with 4.127%. Smaller exchanges like Gate.io, Bitget, and MEXC also received portions.
Market Activity and Price Fluctuations:
- Early surge followed by a drop: Trading began briskly, with Hamster Kombat reaching $0.009 within an hour and a market cap of $579.22 million. However, a community sell-off ensued, leading to a 29.50% market cap decline. Currently, the token trades at $0.0068 with a market cap of $448 million.
Hamster Supply Details and Community Concerns:
- Large airdrop, vesting period: Out of 100 billion total tokens, 63 billion are now in circulation. The remaining 12% will be unlocked over the next 10 months.
- Influencer dump fears: Some users express concern that influencers with large airdrop allocations might dump their tokens, causing another price slump similar to the "DOGS" incident.
- Community divided: Uncertainty prevails as users debate whether to hold or sell their airdropped tokens.
The Hamster Kombat airdrop has sparked a flurry of activity, but questions remain. Will the community hold onto their tokens, or will a large-scale sell-off continue to drive the price down? Time will tell if Hamster Kombat can weather this initial storm and establish itself as a valuable player in the crypto market.