The most popular tap-to-earn game of 2024, Hamster Kombat, is showing signs of cooling down in October.
The number of subscribers to the game’s official Telegram channel dropped significantly this month. Alongside this, the price of HMSTR also hit a new low.
Users Unsubscribe From The Hamster Kombat Telegram Channel
According to Tgstat data, the subscriber count on Hamster Kombat’s announcement Telegram channel fell from 60.7 million to 55 million in October. On average, the channel loses more than 200,000 subscribers every day. Despite this, the Hamster Kombat Announcement remains the most subscribed channel on Telegram.
Read more: What Is Hamster Kombat?
Hamster Kombat Announcement Telegram Channel Subscribers. Source: Tgstat
In addition, subscriber numbers for other Telegram mini-app channels like Tapswap, DOGS, Yescoin, and Catizen have also dropped sharply this month. Moreover, overall interest in Hamster Kombat has also plummeted, reflected by Google Trends data.
Search interest for the keyword “Hamster Kombat” dropped sharply from a peak of 100 points in September to just 3 points in October. This decline followed community dissatisfaction with the airdrop campaign.
“I am unfollowing @hamster_kombat on every single social media platform. Now it’s your turn to unfollow them and show the world that no other project should dare to treat their community this way. Unfollow and report all social media accounts of those influencers and YouTubers who have been bootlicking Hamster Kombat and selling false dreams for their own benefit,” Crypto with Khan (SFZ) commented.
Search Trends For The Keyword “Hamster Kombat”. Source: Google Trend.
Despite recently revealing a new roadmap, which includes the launch of new gameplay and the integration of NFTs as in-game assets by the end of the year, the data suggests players are not excited about these plans.
Hamster Kombat (HMSTR) Price Hits a New Low in October
On October 23, the price of HMSTR dropped by over 8%, hitting a new low of $0.003. From a market capitalization of over $600 million, the token’s value now stands at around $218 million.
HMSTR Price Performance Chart. Source: BeInCrypto.
Additionally, the 24-hour trading volume has not maintained its September level of over $200 million. By October, the average 24-hour volume had dropped to just $50 million. This decline indicates a lack of investor enthusiasm for repurchasing the token.
Moreover, leading tap-to-earn tokens like Notcoin (NOT), Baby DogeCoin (BabyDoge), and Catizen (CATI) have all recorded drops of 15% to 20% this week.
Read more: Top 8 Hamster Kombat Alternatives in 2024
After their initial listings, these tokens entered a downward trend, with player interest gradually declining. Meanwhile, other sectors, such as meme coins and AI tokens, continue to capture the attention of investors.
