Since it’s debut last Thursday, Hamster Kombat has seen a fatal decline in market value.

Before it’s launch, Hamster Kombat positioned itself as one of the biggest tap to earn games on Telegram.

However, the token faced immediate challenges post-listing, with users expressing frustration over newly implemented anti-cheat measures.

This in turn caused the airdrop to end up disappointing more than half of the community involved.

Broader market instability and bearish sentiment further contributed to the decline, with long positions worth $9 million being liquidated.

As a result, Hamster Kombat’s value has plummeted by over 50% within three days after the initial launch leaving its investors and players questioning the future of the game.

A popular crypto influencer, Crypto with Khan tweeted this on his timeline:

“Hamster Kombat has cheated the community. They have allocated a large portion of airdrops to YouTubers and influencers for referrals. They’ve implemented vesting without informing the community. They’ve made people work like labor, day and night to collect keys from their games and gave $5 or $10 tokens,”

Despite all of these setbacks, the development team behind Hamster Kombat still insists on going ahead with the second season of the game.

On September 25th, the team revealed the roadmap for the upcoming year which included launch of a web3 gaming platform and the integration of NFTs.

Season 2 begins immediately in October 2024, with a rapid expansion of the game library and other new features.

They are very hopeful that these additions revitalize the value of HMSTR tokens and regain the community’s trust considering the horrible end to Season 1.

Will you be involved in the upcoming season?

Meanwhile, the Catizen airdrop, which launched on September 20th, has also faced similar challenges, leading to a dramatic decline in its token value.

Initially, Catizen was highly anticipated within the Telegram gaming community, boasting over 35 million users and a unique play-to-earn model where players raise virtual cats to earn rewards in the form of vKITTY, which can be converted into CATI tokens.

It was designed to distribute a portion of the total 1 billion CATI tokens.

Initially, 43% of the total supply was promised for the airdrop, but this was later reduced to 34%, causing frustration among the community.

Upon the airdrop’s release, many users felt shortchanged due to the last-minute changes in token allocation. The distribution was supposed to be based on player performance and in-game interactions, but many players reported receiving far fewer tokens than expected.

For instance, a player ranked 6,054 out of 36 million received only 39 CATI tokens.

Within days, the CATI token’s value plummeted by over 50%, mirroring the decline seen with Hamster Kombat.

The token, which peaked at $1.11 on its launch date, dropped to $0.47, representing a 58% decline due to massive liquidations by the holders of the token.

Notcoin, DOGS, Hamster Kombat, and Catizen have all experienced significant drops in their values recently. This trend highlights a broader issue within the cryptocurrency market, particularly concerning airdrops.

Airdrops, initially designed to reward and engage communities, are increasingly seen by many as a quick way to earn small amounts of money.

To combat this, many companies are exploring new strategies for launching airdrops. These include implementing vesting periods, where tokens are gradually released over time, and launching other engagement strategies.