當遊戲承諾變成空氣時。

代幣已成為音樂椅遊戲中的最後一根棍子。

The promise of the game’s token has turned into hot air, and the token itself has become the last stick in a game of musical chairs as the music threatens to stop.

遊戲代幣的承諾變成了熱空氣，隨著音樂威脅要停止，代幣本身已成為音樂椅遊戲中的最後一支棍子。

Those who woke up today to find their optimism waning were met with a chaotic scene. The circle has exploded.

那些今天醒來發現自己樂觀的人遇到了一個混亂的場景。圈子爆炸了。

The price of Hamster coin (HMSTR) plummeted by 19% in a single day, reaching a historic low of $0.001039. To understand this "Hamster Great Escape," we must unravel the dual strangulation of news and technical analysis. Let me explain it in plain language that even your grandma could comprehend.

倉鼠硬幣（HMSTR）的價格在一天內下降了19％，歷史低點達到0.001039美元。要理解這種“倉鼠大逃生”，我們必須弄清新聞和技術分析的雙重扼殺。讓我用簡單的語言解釋，即使您的奶奶也可以理解。

News: A triple "sickle" has shattered market confidence.

新聞：三重“鐮刀”破壞了市場信心。

1) Second season "dove into the earth's core," constantly delaying.

1）第二季“鴿子進入地球的核心”，不斷延遲。

Last year, the development team painted a big picture to launch the second season game by the end of October, introducing new gameplay like hamsters opening studios. But what happened? Players didn't even see a shadow of the game, and the official only announced a vague teaser without mentioning a schedule. This kind of "wolf is coming" operation directly ignited a trust crisis. As a result, monthly active users plummeted from 100 million to 44 million, and players voted with their feet.

去年，開發團隊在10月底之前繪製了一幅全局，以推出第二季的比賽，並引入了新的遊戲玩法，例如倉鼠開業工作室。但是發生了什麼事？玩家甚至沒有看到遊戲的陰影，而官員只宣布了一個模糊的預告片，而沒有提及時間表。這種“狼即將來臨”的行動直接引發了信任危機。結果，每月活躍的用戶從1億到4400萬，玩家用腳投票。

2) Airdrops turned into "air strikes," 60 billion tokens dumped.

2）氣流變成“空襲”，傾倒了600億個令牌。

The project party is madly spraying tokens to attract users—60 billion HMSTR tokens (60% of the total) entered the market through airdrops. Early players received tokens that were later valued at less than $10, humorously dubbed "dust rewards." Retail investors received tokens and immediately sold them, causing selling pressure to flood like a broken dam. Worse yet, the project has no token destruction mechanism, and inflation pressure continues.

該項目聚會正在瘋狂地噴灑令牌以吸引用戶-600億HMSTR令牌（佔總數的60％）通過AIRDROPS進入市場。早期的玩家收到的代幣後來價值不到10美元，幽默地稱為“ Dust Rewards”。散戶投資者收到了代幣並立即將其出售，從而造成銷售壓力，例如破壩。更糟糕的是，該項目沒有令牌破壞機制，並且通貨膨脹壓力仍在繼續。

3) Competition within the sector is intense, Telegram games have collectively stalled.

3）該部門內部的競爭激烈，電報遊戲集體停滯不前。

The entire Ton ecosystem game is in a slump: competitor Catizen (CATI) is down 71%, Notcoin (NOT) is down 78%, and the user retention rate of Hamster coin is plummeting—active users in Q1 2025 fell below 1 million, losing over 96% from the peak. Without player support, the "gold farming game" is just a house of cards.

整個噸生態系統遊戲都處於低迷狀態：競爭對手Catizen（CATI）下降了71％，Notcoin（NOT）下跌了78％，倉鼠硬幣的用戶保留率正在驟降 - Q1 2025的活躍用戶低於100萬，低於峰值的96％以上。如果沒有玩家的支持，“黃金養殖遊戲”只是紙牌屋。

Technical analysis: Downward trend has formed a death spiral.

技術分析：向下趨勢形成了死亡螺旋。

K-line ghost stories: There is no lowest, only lower.

K-line鬼故事：沒有最低，只有較低。

After reaching a peak of $0.0072 last September, Hamster coin has been in a continuous decline, accumulating a drop of over 67%. It is currently showing a "downward channel": highs continue to decline, and it was unable to hold even the $0.0022 resistance. On June 12, it dropped to a low of $0.001244, with liquidity nearly exhausted.

去年9月達到0.0072美元的峰值之後，倉鼠硬幣一直處於持續下降的速度，積累了67％以上。它目前顯示出“向下渠道”：高點繼續下降，甚至無法保持0.0022的電阻。 6月12日，它跌至0.001244美元的低點，流動性幾乎耗盡。

Volume reveals the truth: Big players have already exited.

卷揭示了事實：大玩家已經退出。

On the day of the crash, the trading volume was only $20.89 million, less than 1/103 of the peak period. The shrinking volume indicates that the buyers have disappeared; a few sell orders can smash the floor price. Even more heartbreaking is that institutions had already cashed out at high levels in January—for example, DWF Labs withdrew $650,000 in a single day, leaving retail investors holding the bag.

在墜機當天，交易量僅為2089萬美元，不到高峰期的1/103。收縮量表明買家已經消失了。一些賣出訂單可以粉碎地板價格。更令人心碎的是，一月份的機構已經在高水平上兌現，例如，DWF實驗室一天內撤回了65萬美元，使零售投資者拿著袋子。

Technical indicators have all "collapsed."

技術指標都“崩潰了”。

The weekly MACD dead cross is expanding, and RSI has dropped to 23 (severely oversold but no rebound). Fibonacci retracement shows that if the $0.0012 level is breached, the next target will be $0.000865 (another halving!).

每週的MACD Dead Cross正在擴大，RSI跌至23（嚴重的超售，但沒有反彈）。斐波那契回波表明，如果違反$ 0.0012的水平，下一個目標將為$ 0.000865（另一個減半！）。

Is Hamster coin really hopeless? Not necessarily! An entry point has emerged—the second airdrop is scheduled for summer 2025, and the team holds 15 billion tokens ready to stimulate the second quarter. For those who are interested in catching a reversal opportunity, you can set a limit order at $0.0009 to buy 500,000 tokens and try your luck.

倉鼠硬幣真的絕望嗎？未必！已經出現了一個入口點 - 第二個Airdrop計劃於2025年夏季進行，該團隊持有150億個代幣，準備刺激第二季度。對於那些有興趣抓住逆轉機會的人，您可以將限額訂單定為0.0009美元，以購買500,000個令牌並嘗試運氣。

But for those who are thinking of selling, my advice is to cut your losses and move on. There's no point in holding on to something that is sinking. It's better to take your lumps now and live to fight another day.

但是對於那些想賣出的人來說，我的建議是減少損失並繼續前進。堅持下沉的東西是沒有意義的。最好現在拿起你的腫塊，活著與另一天戰鬥。

As for those who are thinking of buying, I would advise caution. The token is down sharply, and there are no signs of a bottom in sight. If you are considering buying, I would recommend waiting for some technical indicator to show a sign of oversold rebound, such as the RSI or Stochastic Oscillator.

至於那些想購買的人，我建議您謹慎。令牌急劇下降，看不到底部的跡象。如果您正在考慮購買，我建議等待一些技術指標表現出超售的跡象，例如RSI或隨機振盪器。

In the meantime, you can follow me for more analysis and insights into the crypto market. I post regularly on my profile, so be sure to check it

同時，您可以關注我進行更多分析和對加密市場的見解。我定期發布我的個人資料，所以請務必檢查一下