The newly launched play-to-earn (P2E) Hamster Kombat (HMSTR) token saw a significant price drop shortly after being listed on major cryptocurrency exchanges, including Binance and HashKey. Despite the initial excitement surrounding its debut, the token’s value fell by 10 percent within the first hour of trading, as reported by CoinGecko. Over the past 24 hours, HMSTR has seen a nearly 30 percent decrease in value, dropping from $0.012 to $0.0087.

The Hamster Kombat team announced the official start of HMSTR trading across multiple platforms via social media. In addition to Binance and HashKey, the token was listed on OKX, Bybit, KuCoin, and MEXC. This followed the launch of the HMSTR airdrop and the opening of balance withdrawal options for users just a day prior.

Despite the steep decline in price, Binance has introduced futures trading for HMSTR, offering investors up to 75x leverage. Furthermore, Binance has included HMSTR in its Super Earn program, where token holders can earn up to 300 percent annual returns with a seven-day locked period. This service is available with a minimum subscription of 100 HMSTR tokens.

According to CoinGecko, HMSTR has a maximum supply cap of 100 billion tokens, with 64.3 billion currently in circulation. The opening-day decline is likely attributed to airdrop recipients selling off their tokens, contributing to the downward pressure on the price.