HMSTR & CATI Tokens Plunge After Launch

Just days after the much-anticipated token launches for two popular Telegram games on The Open Network (TON), both tokens have plummeted by over 50% from their peak values.

Hamster Kombat, which amassed a following of 300 million players, introduced its HMSTR token last Thursday, but the reception was lukewarm.

Of the 129 million players eligible to claim tokens, many voiced dissatisfaction with their unexpectedly small "dust" allocations.

Five days post-launch, HMSTR has plunged 53% to $0.0046661, with a 14.98% drop today alone, attributed in part to market declines triggered by geopolitical tensions between Israel and Iran.

Over the past week, the token has fallen 52.25%, according to CoinMarketCap.

Similarly, the CATI token from the game Catizen has dropped 58% since its 20 September launch, currently priced at $0.46.

CATI has declined 17.69% today and is down 41.11% over the past week, having peaked at $1.11 on launch day.

Like Hamster Kombat, Catizen players also expressed dissatisfaction with their airdrop allocations.

NOT & TON Affected, Tokens on Downward Trend

This year's leading gaming tokens have seen sharp declines, with Notcoin (NOT) dropping nearly 74% since its June peak.

It currently trades at $0.00754, reflecting a 12.87% dip in the last 24 hours and a 6.89% fall over the past week.

Toncoin(TON) has also seen a 5.34% drop in the past day, now trading at $5.44, with a 3.81% decrease over the last seven days.

While newly launched tokens are often volatile, gaming tokens, similar to meme coins, tend to exhibit particularly erratic price movements.

This may stem from the still-emerging nature of the crypto gaming sector or waning investor confidence in the games' long-term viability.

Despite attracting large user bases with the promise of free tokens, Telegram-based crypto games like Hamster Kombat and Catizen have yet to demonstrate lasting momentum beyond airdrop hype.

Both games have outlined ambitious future plans, including additional game launches and token rewards, but prices continue to tumble in the short term.

As these once-popular tokens face significant downturns, the question remains: can they stage a recovery, or are they headed toward a prolonged decline and potential collapse?