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Bybit Lists Hamster Kombat’s Token for Pre-Market Trading

Jul 8, 2024 at 05:00

Cryptocurrency exchange Bybit has expanded its support for new projects on the Telegram Open Network (TON) by listing the token for the popular game Hamster Kombat for pre-market trading.

On July 8, Bybit officially announced the addition of the Hamster Kombat (HMSTR) token to its over-the-counter (OTC) platform, Bybit Pre-Market Trading. This platform allows trading of new tokens before their official market listing, enabling buyers and sellers to set quotes and conduct trades at predetermined prices.

Hamster Kombat’s HMSTR token debuted on Bybit’s pre-market platform on July 8, 2024, at 10:00 am UTC. Bybit stated that details regarding the delivery schedule would be released soon. The exchange emphasized that the inclusion of HMSTR tokens on its pre-market platform is a significant milestone, offering users the opportunity to acquire HMSTR tokens before they are available for spot trading.

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

The impact of pre-market trading on HMSTR’s listing price remains uncertain. While pre-market trading can reflect market expectations, Bybit noted that the official listing price might be influenced by various factors. As of now, the pre-market price of HMSTR ranges between $0.001 and $0.1, quoted in Tether (USDT).

Hamster Kombat is a tap-to-earn game on Telegram where players act as CEOs running a virtual cryptocurrency exchange. Since its launch in March 2024, it has set engagement records, with creators claiming it is the third-fastest app in history to reach 150 million users. The game is often dubbed the “next Notcoin” following the success of another Telegram-based clicker game and its token, Notcoin (NOT). By the time Notcoin was listed for spot trading in mid-May 2024, it had amassed 11.5 million holders.

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Notcoin (NOT) price since launch in May 2024. Source: CoinGecko

Notcoin was also listed on Bybit Pre-Market Trading before its spot trading debut. The last pre-market price of Notcoin was $0.0059. Upon its market debut on May 16, Notcoin’s price surged to $0.2 by June 1, according to CoinGecko. Currently, NOT is trading at $0.01691, reflecting a 16% decrease over the past 30 days but a 25% increase over the past 14 days.

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