Hamster Coin Crashes 40% In A Day After Skyrocketing On Elon Musk, Dogecoin Creator Mentions

Hamster HAM/USD fell 40.31% over 24 hours to $0.000000000781 at press time on Wednesday.
What’s Moving? HAM has shot up a whopping 724.61% over a seven-day trailing period.

The coin fell 42.44% and 42.93% against Bitcoin and Ethereum respectively over 24 hours. In the last 90 days, HAM has returned 168.9%.

See Also: How To Buy Ethereum (ETH)

Why Is It Moving? Hamster nosedived on Wednesday night after shooting up a day prior after an exchange of tweets between Tesla Inc TSLA CEO Elon Musk and Dogecoin DOGE/USD co-creator Billy Markus.

See Also: Bitcoin, Ethereum, Dogecoin Lead The Crypto Market Higher But Inflation Worries Remain

The recent surge in HAM prices seemingly occurred due to the popularity of Mr. Goxx, a cryptocurrency trade-picking hamster.

The rodent’s trades have recently outperformed those of Warren Buffet’s Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) and Ark Invest fund manager Cathie Wood.

The fall in HAM prices came despite the announcement of “HamsterSwap” — a swap protocol that the project claims will be launched by late June.

Read Next: 'The Sims' Developer Jumps Aboard NFT Bandwagon As Ethereum-Based Axie Infinity Sees Great Success This Year

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