The price of Hamster Kombat (HMSTR), a Tap-to-Earn game on Telegram, has suffered a drastic decline this week. HMSTR token value has fallen more than 53%, with a further 17% drop in the past day, leading to investor worry and uncertainty. The current HMSTR price sits at $0.0009335, nearly 90% lower than its all-time high of $0.01. The decline is attributed to a confluence of factors, including a significant sell-off from airdrop recipients and whales, as well as declining user activity. This drop is further highlighted by increasing exchange balances, according to Nansen data, suggesting the onset of a large dump. Further indication of this pressure can be seen in perpetual funding rates on HMSTR rolling over to the downside. The user base has drastically shrunk from 300 million to 13 million as excitement for the project has waned. The airdrop structure has been criticized, with many claiming only a percentage of tokens are claimable immediately, further fueling this decline. Technical issues within TON and Telegram wallets haven’t helped alleviate the situation, adding to existing concerns about HMSTR’s future.