Why Hamster Kombat ($HMSTR) Airdrop Failed Even With All the Initial Pomp Around It

Hamster Kombat(HMSTR) Airdrop not just fell short of its community's expectation but also became one of the worst airdrops in the history of crypto.

Despite initial excitement, the Hamster Kombat (HMSTR) airdrop ultimately failed to meet expectations, becoming one of the worst airdrops in crypto history. Despite rallying support from the community and a recent listing on Bitget’s spot trading platform, Hamster failed to generate significant traction. Here's a closer look at why the Hamster Kombat ($HMSTR) airdrop failed despite the initial hype:

1. Listing Price

The listing price for $HMSTR was only $0.01. Given the low listing price, the community anticipated that the price would not fall further. However, when it did, the slashing price dealt a blow to both long-term and short-term investors.

2. Telegram Outages - Unfortunate Timing

Telegram's outages were another major factor contributing to HMSTR's failure. “We would like to notify you that from the 26th of September 10:00 UTC we are expecting an increased load on the TON blockchain,” Telegram announced. And果然, the news turned out to be true. Several users complained of not being able to trade the token or even access it due to the network load.

3. Banning Users and Changing Rules at Last Moment

The community found another reason to criticize Hamster Kombat when it banned 2.3 million users out of the blue for allegedly cheating ahead of the $HMSTR token airdrop. Moreover, last-minute ‘anti-cheat’ rule changes sparked further frustration. The Hamster Kombat team had initially planned the airdrop for July 2024, but “due to technical unpreparedness,” the event was delayed until September. However, as the airdrop approached, the developers abruptly announced that participants would only receive 88.75% of their tokens, which instilled a sense of distrust among community members.

With continuous slump, Hamster is currently valued at $0.005742, and has gone down by 41.33% in the past 7 days. In the past 1 month, it recorded a drop of 41.75%. The failed airdrop event and growing distrust certainly contributed to HMSTR's collapse.

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