---
title: "Hamster Kombat in a harsh reversal; market cap drops below Notcoin"
url: https://diffcoin.com/hamster-kombat-in-a-harsh-reversal-market-cap-drops-below-notcoin/
description: "Hamster Kombat token crashed by 30% after its airdrop, with its market cap dropping to $574 million, lower than Notcoin's $871 million"
published: 2024-09-26
updated: 2024-09-26
author: "Mila"
site: "Diffcoin"
---

# Hamster Kombat in a harsh reversal; market cap drops below Notcoin

Hamster Kombat’s token plunged by over 30% following its much-anticipated airdrop and token listing.

Hamster Kombat (HMSTR) crashed to $0.0088, bringing its total valuation to over $574 million, making it the 110th largest cryptocurrency. Its opening price was also significantly lower than the pre-market futures high of $0.3865.

It has been listed on several large centralized exchanges, including Binance, OKX, MEXC, Gate.io, Woo, and KuCoin. Binance also launched an earn program, where participants will have a chance to win 100 million HMSTR tokens.

Data from CoinGecko shows that Hamster has a maximum supply cap of 100 billion tokens, with 64.3 billion of them in circulation. This decline likely occurred as many airdrop recipients began selling their tokens.

> ✅ On-chain is on ✅
> 
> ⚡️ On-chain direct claim and balance withdrawal options are open. You can now transfer your tokens anywhere!
> 
> — Hamster Kombat (@hamster_kombat) [September 26, 2024](https://twitter.com/hamster_kombat/status/1839270795173941568?ref_src=twsrc%5Etfw)

Hamster Kombat’s valuation means that it is smaller than Notcoin (NOT), the first tap-to-earntoken to be listed, which has a market cap of over $871 million.

Fundamentally, Hamster has a larger ecosystem than Notcoin. It boasts over 300 million players, 37.6 million YouTube subscribers, and 14.3 million followers on X.

A likely reason for the price drop is that Hamster has over 35 million tokens locked, while all of Notcoin’s 102.4 million tokens are in circulation.

The biggest short-term risk for Hamster will be increased selling by millions of people who have accumulated billions of tokens over the past few months. Typically, newly listed Telegram tokens experience a decline shortly after launch.

Catizen (CATI) initially jumped to $1.150 after launch but has since dropped by over 38%. Similarly, Notcoin and Pixelverse have both seen double-digit declines from their all-time highs.

On the positive side, Hamster Kombat’s airdrop happened at a time when most cryptocurrencies are rising. Bitcoin (BTC) rose to $64,700 while the total valuation of all coins rose by 3.7% to $2.26 trillion.

Other highly anticipated tokens have also disappointed in the past. For example, Sweat Economy has dropped by 94% from its record high, despite Sweatcoin having over 50 million users before the SWEAT token airdrop.

[Source link](https://crypto.news/hamster-kombat-in-a-harsh-reversal-market-cap-drops-below-notcoin/)