- HMSTR token volume increased by 3,720% to $1.5 billion despite losing 259 million users
- Volume spiked from $39 million to $496 million on November 9, reaching $1.49 billion the next day
- Token price rose 125% from $0.002638 to $0.005954 before declining 33%
- Withdrawal freeze coincided with volume surge, while Season 2 launch remains delayed
- Daily active addresses dropped from 700,000 to 20,000, with player base declining 86%
# Hamster Kombat’s HMSTR Token Records Massive Volume Spike Amid User Exodus
The cryptocurrency token HMSTR from Hamster Kombat experienced an unprecedented volume surge of 3,720% in early November, reaching nearly $1.5 billion in trading activity despite a substantial decline in its user base.
Sudden Volume Explosion
On November 9, HMSTR’s trading volume increased dramatically from $39 million at 00:27 GMT to $496 million by 14:03 GMT.
The following day saw an even more substantial jump to $1.49 billion, marking an all-time high for the token.
The price followed suit with a 125% increase from $0.002638 to $0.005954.
However, both metrics experienced significant corrections within four days, with volume dropping 89% to $160 million and price declining 33% to $0.003931.
Withdrawal Suspension and Market Activity
The volume surge coincided with an announcement from Hamster Kombat that token withdrawals were suspended, with no additional major updates across their YouTube and X social media platforms.
The anticipated Season 2 launch, announced in October, missed its end-of-month target, with no concrete launch date provided.
Bitcoin’s price movement from $76,000 to $80,000 during the same period may have influenced HMSTR’s performance, though Bitcoin‘s major price acceleration occurred after HMSTR’s volume began declining.
User Base Decline
The platform has experienced a significant reduction in engagement, with monthly active players dropping 86% from 300 million in July to 52 million by November 4.
According to IntoTheBlock data, daily active addresses have decreased dramatically from approximately 700,000 in late September to 20,000.
Despite these metrics, Hamster Kombat reported achieving $1.3 billion in 24-hour spot volume and $4 billion in perpetual trading volume, claiming “11 million $HMSTR on-chain holders.”
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