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<p class="is-style-lead">The HAMS token, associated with Hamsters.gg, a platform where users bet on a live-streamed hamster race, experienced an astounding 1000% price surge.</p> 
<p>Hamsters recently took the crypto news by storm with the meteoric rise of the HAMS token. It all started when Hamsters.gg, a website allowing users to wager crypto on live hamster races, gained traction.&nbsp;</p> 
<p>The platform’s token, HAMS, took advantage of this newfound fame and soared massively. The price of HAMS rallied from $0.29 to $3.31 during the weekend. This massive surge astounded even seasoned traders and drew substantial speculative interest.</p> 
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   <p lang="en" dir="ltr">Bugs squashed, FUD battled, LP added, Payouts enabled and 526 online and betting on their favorite Hamsters! 🐹<a href="https://twitter.com/hashtag/HamstersGG?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#HamstersGG</a> <a href="https://t.co/zhXHma6Ekh" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/zhXHma6Ekh</a></p>— HamstersGG (@hamsters_gg) <a href="https://twitter.com/hamsters_gg/status/1683307946292178944?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 24, 2023</a> 
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<p>However, HAMS has plummeted soon. The token is trading below $1 at the time of writing. </p> 
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 <img decoding="async" width="1200" height="1200" src="https://crypto.news/app/uploads/2023/07/AHA.jpeg" alt="Hamsters (HAMS) token gained over 1000% on weekend - 1" class="wp-image-14180334"> 
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   Hamster price | Source: <a href="https://www.coingecko.com/en/coins/hamsters" data-type="URL" data-id="https://www.coingecko.com/en/coins/hamsters" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a> 
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<p>The HAMS token, which had a market capitalization of $1 million before the surge, reached $18.1 million at its peak. This led CoinGecko to introduce a new dedicated sub-category on its platform called “animal racing.” However, current HAMS market cap is only around $7.6 billion.</p> 
<p>The allure of hamsters racing and the excitement of HAMS trading have captured the crypto community’s attention.</p> 
<p> You might also like: <a href="https://crypto.news/bitcoins-price-surges-past-28k-as-the-hodlers-surpass-the-ath/" rel="noopener noreferrer nofollow"> Bitcoin’s price surges past $28k as non-zero BTC addresses reach 5-year high </a> </p> 
<h2 class="wp-block-heading" id="the-frenzy-and-the-dream">The frenzy and the dream</h2> 
<p>Crypto traders are caught up in a frenzy of optimism, with some members of the Hamsters.gg Telegram community daring to dream big. Speculations within the group range from HAMS surpassing $100 million market capitalization.&nbsp;</p> 
<p>Pseudonymous community members have compared HAMS to Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), pointing out that HAMS has a total supply of 10 million tokens, significantly lower than Bitcoin’s 19.4 million circulating tokens (out of a maximum of 21 million).</p> 
<p>While such comparisons fuel excitement, Bitcoin remains the most valuable cryptocurrency globally, with a market capitalization of approximately $578 billion.</p> 
<p> Read more: <a href="https://crypto.news/crypto-spot-trading-volume-drops-36-in-q2-coinmarketcap-reports/" rel="noopener noreferrer nofollow"> Crypto spot trading volume drops 36% in Q2, CoinMarketCap reports </a> </p>

Hamsters (HAMS) token gained over 1000% on weekend

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