KEY TAKEAWAYS

• Hamster Kombat’s price plunged, extending its YTD loss to 65% and marking a new all-time low.

• Large holders’ netflow has dropped 90% in seven days, indicating whales are dumping HMSTR.

• Funding rate is negative, indicating that shorts are dominant and profiting from HMSTR’s decline.

Following weeks of bearish pressure, Hamster Kombat (HMSTR price) broke down entirely and hit a new all-time low earlier today. The once-popular HMSTR’s fall from grace accelerated this week.

Within 24 hours, the Hamster Kombat price has fallen by 26.32%, extending its year-to-date (YTD) performance to a 65% correction.

In this analysis, CCN reveals why cryptocurrency is among today’s top losers and whether there is any way out of this collapse.

Hamster Kombat Tumbles Amid Whales Selling Spree

CCN’s findings show that HMSTR’s price hit an all-time low of $0.0010 due to considerable selling pressure. For instance, we look at the project’s large holders’ netflow provided by IntoTheBlock.

This metric tells whether addresses holding at least 1% of the circulating supply are buying or selling. A spike indicates heavy accumulation, typically a bullish sign.

But the large holders’ netflow has plunged 90% over the past seven days. On June 10, inflows hit 251.99 million HMSTR.

Today, that number has effectively collapsed, suggesting crypto whales are offloading their bags. Therefore, if this trend continues, Hamster Kombat’s price may struggle to register any meaningful rebound in the short term.

Instead, the cryptocurrency’s value might keep swinging around the current range or plummet to another record low.

Traders Turn Cold

Besides whale-driven sell pressure, fading hype around Telegram’s tap-to-earn tokens has also weighed on HMSTR’s momentum. Add to that the sheer size of its circulating supply — 64 billion out of a 100 billion.

Demand has lagged, and any future unlocks from the remaining supply risks adding downward pressure to the Hamster Kombat price.

As a result, sentiment around HMSTR has turned shaky, as evidenced by the profoundly negative funding rate.

In a positive funding environment, longs pay shorts, signaling bullish momentum. But the current setup tells a different story — shorts are paying less or even getting paid, meaning sellers dominate the market.

With HMSTR’s price trending lower alongside increasingly hostile funding, it is clear that bears are in control and being rewarded for it.

If this trend continues, the outlook might remain bearish, and any short-term recovery for Hamster Kombat’s price looks unlikely.

HMSTR Price Analysis: Capitulation Sets In

From a technical standpoint, the Hamster Kombat price remains stuck in a clear downtrend. The MACD  flashed a bearish crossover, reinforcing the bearish momentum.

The Directional Movement Index (DMI) tells a similar story. The +DMI (green) has plunged to 5.41, signaling near-zero bullish strength, while the -DMI (red) has spiked to 45.85, confirming that sellers are firmly in control.

If this setup holds, HMSTR could break below $0.0010 into another correction.

But if the MACD flips bullish and the -DMI eases, a short-term rebound may be possible. In that scenario, a push toward $0.0023 could be on the table.