news.bitcoin.com 01 October 2024 18:46, UTC

According to the latest market updates, two fresh-faced crypto assets, moo deng (MOODENG) and hamster kombat (HMSTR), have faced some dips over the past 24 hours. While HMSTR had a rocky launch, MOODENG initially skyrocketed, but the meme token has since tumbled 45.6% below its highest value.

Crypto Rollercoaster: Newly Launched Crypto Assets See Massive Fluctuations

Last week, the spotlight was on the newly minted meme token, moo deng (MOODENG), as it shot up an impressive 1,400% during its debut week. However, seven-day stats now show MOODENG holding on to just a 187% increase. Inspired by the internet sensation, Moo Deng—the adorable baby pygmy hippo from Thailand—the token gained instant popularity.

Fast forward to today, MOODENG has slid 19.8% against the U.S. dollar, with a current price of $0.1785, marking a 45.6% drop from its peak on Sept. 28, when it reached $0.3387 per token. As of now, there are 50,046 MOODENG holders, and the top five wallets control 8.21% of the total supply of 989,968,154 coins.

Another token catching attention is hamster kombat (HMSTR), originally dropped as part of the Hamster Kombat game on Telegram. Built on the TON blockchain, HMSTR opened trading at $0.009993 but has been sinking ever since, hitting a new low today of $0.004802 per coin. HMSTR is down more than 16% during the past 24 hours.

As of Oct. 1, 2024, HMSTR is down 51.94% from its value on Sept. 26. Notably, the largest five wallets hold a hefty 93.95% of HMSTR’s total supply, which contrasts with MOODENG’s more distributed holdings. Both tokens have garnered massive attention on crypto aggregation sites like coingecko.com and coinmarketcap.com, with Google Trends also reflecting a notable increase in interest this past week.

What do you think about MOODENG’s and HMSTR’s losses? Share your thoughts and opinions about this subject in the comments section below.