Black_background_logo_BitcoinWorld-removebg-preview
Bybit Lists Hamster Kombat’s Token (HMSTR) For Pre-Market Trading
Latest News News

Bybit Lists Hamster Kombat’s Token (HMSTR) For Pre-Market Trading

The access to Hamster Kombat tokens on Bybit’s OTC pre-market platform allows users to secure HMSTR tokens ahead of the market and to lock in their purchase early.

Cryptocurrency exchange Bybit is advancing its support for emerging projects on the Telegram Open Network (TON) by listing the token for the record-breaking game Hamster Kombat for pre-market trading.

Bybit on July 8 officially announced the listing of the Hamster Kombat (HMSTR) token on its over-the-counter (OTC) platform, Bybit Pre-Market Trading.

The platform is designed for trading new tokens before their official listing, enabling buyers and sellers to establish quotes and execute trades at predetermined prices.

HMSTR Debuted Trading On Bybit’s Pre-Market Platform On July 8, 2024

According to the announcement, Bybit’s pre-market OTC platform launched trading for HMSTR on July 8 at 10:00 am UTC. Details of the delivery schedule will be released shortly, the exchange said.

HMSTR prices on Bybit Pre-Market Trading on Jul 8, 2024.

 

Bybit stressed that the inclusion of HMSTR tokens on its pre-market platform represents a “significant step forward,” providing users with the chance to get their hands on HMSTR tokens before they become listed for spot trading. 

The firm added:

“This exclusive access allows users to secure HMSTR tokens ahead of the market and to lock in their purchase or sale prices early, marking an innovative advancement in our trading offerings.

Will Pre-Market Trading Affect HMSTR’s Listing Price?

While HMSTR is now listed on Bybit Pre-Market Trading, it’s unknown when the Hamster Kombat’s token will start spot trading.

“While pre-market trading may reflect market expectations, the official listing price itself may be influenced by other different factors,” Bybit said on its website regarding pre-market trading, adding:

“It is worth noting that both the pre-market price and the official listing price are ultimately determined by the market and there is not necessarily a direct correlation between the two.”

According to data from Bybit Pre-Market Trading, the pre-market price of HMSTR has been varying between around $0.001 and $0.1 at the time of writing, quoted in Tether USDT.

Hamster Kombat is a tap-to-earn, or clicker, game on Telegram in which players take on the role of a CEO running a virtual cryptocurrency exchange. 

Since its launch in March 2024, the game has been breaking records in terms of engagement, with Hamster Kombat creators claiming that the game is the third-fastest app in history to reach 150 million users.

Hamster Kombat Is Often Referred To As The “Next Notcoin”

The launch of Hamster Kombat followed the success of another Telegram-based clicker game and the eponymous token, Notcoin (NOT). By the time of spot trading listing in mid-May 2024, Notcoin amassed 11.5 million holders.

Before the spot trading listing, Notcoin was also listed on Bybit Pre-Market Trading. According to the platform, the last traded pre-market price of Notcoin was $0.0059.

After debuting trading at around $0.007 on May 16, Notcoin surged to as high as $0.2 by June 1, according to data from Coinstats. 

At the time of writing, NOT is trading at $0.01585, down about 16% over the past 30 days but up around 25% over the past 14 days.

NOT Price Chart | Source: Coinstats

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.