- $HMSTR plunges over 18% in 24 hours, breaking key support and worsening sentiment
- Technicals show strong bearish momentum as RSI hits 13.66 and MACD diverges sharply
- Massive airdrop and wallet unlocks trigger sell-offs, eroding trust and adding pressure
Hamster Kombat ($HMSTR) is facing one of its toughest weeks since launch, with the token price tumbling rapidly. Once hailed as a high-potential meme coin following its massive airdrop, the token now finds itself caught in a downward spiral. In the past 24 hours alone, $HMSTR saw a sharp drop of over 18%, plunging from $0.001303 to a low of $0.001044.
This decline has sparked concern among investors, especially given the broader bearish trend forming on the charts. With mounting selling pressure, technical weakness, and eroding confidence in the project, the outlook for June appears increasingly grim.
Technical Breakdown Suggests Further Weakness
The token’s current chart displays a classic bearish structure. Lower highs and lower lows indicate a steady loss of momentum. More importantly, support at the $0.001000 level is under severe threat. If broken, this could trigger a deeper slide below $0.000900.
The MACD indicator shows a negative trend, with the MACD line diverging further below the signal line. Additionally, the RSI has dropped to an extremely oversold 13.72. While this could hint at a short-term bounce, it more accurately reflects intense selling pressure with little bullish interest in sight.
Moreover, a recent 91% spike in daily volume suggests not new buyers but accelerated sell-offs. This aligns with growing investor frustration, especially as the market cap fell to just $67.25 million.
Airdrop Pressure and Community Discontent Fueling the Slide
Much of $HMSTR’s price decline can be traced to its record-breaking airdrop. According to a X user Cryptophilip with over 131 million users receiving free tokens, a wave of profit-taking followed. Many holders cashed out immediately, triggering a steep supply glut.
On top of that, large wallet holders possibly insiders or early participants have been offloading their holdings aggressively. The token’s circulating supply stands at 64.37 billion, with more unlocks expected, adding further downside risk.
Community trust also took a hit during the token’s launch. Only 88.75% of tokens were unlocked at the start, frustrating many who expected full access. Additionally, technical issues with Telegram and TON wallets prevented smooth trading, further damaging sentiment.
Why Is Hamster Kombat ($HMSTR) Crashing? 🤯
— cryptophilip 🚀💯 (@FaschingPhilip) June 9, 2025
After one of the year’s most hyped airdrops, $HMSTR is now tanking hard.
📉 Here’s why:
• Airdrop Sell Pressure: 131M+ users got free tokens – many are dumping fast.
• Whale Activity: Top wallets (likely insiders) are offloading… pic.twitter.com/1CHnBIWlpI
Forecast for June: More Pain Ahead?
Coincodex price predictions for June 2025 suggest continued weakness. The token may fall to around $0.000857, with projections ranging between $0.000751 and $0.001078. This implies a potential 28% drop from current levels.
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