• 31 August, 2024
Markets News

Will TON Succumb to Pressure Ahead of the HMSTR Airdrop?

Will TON Succumb to Pressure Ahead of the HMSTR Airdrop?

The Open Network (TON) is rife with speculations by market observers on its next move, considering the hardships it faced earlier in the week. The network portrays a gray shade ahead of the HMSTER token airdrop by Hamster Kombat.

Exit of CEO, Entry of DOGS

Toncoin recently surged low following the arrest of its CEO, Pavel Durov. The Russian-born billionaire was arrested in France on charges of handling the platform for illegal activities. Currently facing judicial investigation, Durov is not allowed to leave the country. When news of the arrest spread, the market dipped to nearly 15%, stressing many investors. On the other hand, the DOGS token emerged as an exciting contender and gained traction in the crypto community.

Technical glitches

After the entry of the DOGS token, TON faced more than a three-hour outage, which halted its block production and transactions and sparked concern among users. Although the activity was later resumed, many were skeptical. Several crypto users are apprehensive about TON’s technical developments ahead of the token airdrop. However, according to sources, the TON development team stated that steps are being taken to enhance the network’s performance, and it will be strengthened before the airdrop.

Telegram Open Network Disrupted by DOGS Memecoin Launch

The Rise of the Token

The tap-to-earn crypto games on the Telegram platform are stressbusters that pave the way for crypto users to gain more footage in the field. The most popular among them is Hamster Kombat, which has a base of over 300 million players. Innovative and attractive, the game has garnered attention among users for its seamless and engaging experience without any additional applications. With an upsurge in followers, the gaming platform announced an airdrop program, initially in July, and later moved to September.

Strain on Airdrop

The HMSTER token, reportedly the second largest airdrop after Notcoin, is being anticipated by crypto players globally. Notcoin attracted nearly 35 million players and even offered incentives for the users to stake or lock their tokens in the game for future use. Notably, the game developers of Hamster Kombat have implemented several technical aspects of the airdrop and hope that it will set a new benchmark for the gaming platform.

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