The price of the HMSTR token collapsed by 27%

The Hamster Kombat (HMSTR) token is experiencing strong market correction. At the time of writing, the asset traded at a price of $ 0.00107, decreasing by 27% over the past 24 hours. After a peak of $ 0.0028 on May 11, over the last month, the cost of HMSTR fell by 60%.

On Thursday, the HMSSTR market capitalization decreased by about $ 25 million and is currently $ 69 million. According to CoinmarketCap, over the past day the volume of tokens has increased by more than 266%, which indicates the panic activity of investors.

Analysts suggest that such mass liquidation by small holders is caused by the fact that the “whales” recently sold a large number of HMSTR tokens. These large sales affect the market demand and trust of investors.

The Hamster Kombat community is also disappointed with not confirmed rumors about Binance Listing. Despite the fact that users were counting on the debut at a large trading platform, no evidence was received, which led to bear moods.

Moreover, the possibility of obtaining intra -game tokens has led to a sudden increase in the offer. The weak HMSSTR token, including a circulating offer of 64 billion out of the maximum 100 billion, increased pressure from sellers.

Technical indicators on the day schedule Hamster Kombat also indicate a further decline. So, at present, the current price of $ 0.001065 is much lower than a 20-day simple sliding average ($ 0.0019), which confirms stable bear mood.

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