Crypto Crash: Why Hamster Kombat, Notcoin, and Catizen Plunged
Hamster Kombat (HMSTR), Notcoin (NOT), Catizen (CATI), and other Telegram tap-to-earn tokens have crashed since their airdrops, leading to substantial losses among their players and investors.
HMSTR has crashed by 70% since its airdrop. Similarly, Catizen’s price has dropped by 93%, and Notcoin’s has fallen by 80%, valued at $25 million and $224 million, respectively.
There are three main reasons why these Telegram tap-to-earn tokens have crashed after their token generation event (TGE).
Struggles in the “To Earn” Industry
First, they plunged because the crypto industry has struggled to develop a viable “to earn”…
