Crypto
person playing Hamster Kombat
(Aref Taherkenareh/Getty Images))
Garbage Day

How a crypto game called Hamster Kombat growth hacked the entire internet

The clicker game now has some of the fastest-growing channels in the world.

Ryan Broderick, Adam Bumas

The common wisdom is that the crypto boom is well and truly over. Even though there are, of course, plenty of crypto evangelists and even NFT collectors still out there, the Silicon Valley hype cycle has moved on to AI. So you might not know that one of the biggest brands on social media right now is a cryptocurrency-based video game called Hamster Kombat.

According to our data, Hamster Kombat's X account is the hottest page on the app, going from zero to 10 million new followers in just three months. Meanwhile, its YouTube account is the fastest growing account in history. In June, it gained over 20 million new subscribers, second only to MrBeast. Its fanbase is using Telegram at such a scale that, last month, Telegram jumped to the number three most-downloaded app on Android. But what is this game and why is eating social media right now?

Hamster Kombat runs inside of Telegram, on the app's custom blockchain, TON (Telegram Open Network), which launched in 2019. Like many other crypto projects, TON had dubious legal status, and in March 2020, the state of New York officially banned TON’s crypto tokens (called Grams at the time) from being publicly sold. Telegram officially separated from TON in May, but because the blockchain was open source, it restarted basically immediately as “The Open Network,” aka TON again, and still remains closely tied to Telegram.

The blockchain’s currency is now called TONCoin, which currently has a market cap well over $18 billion (that’s greater than dogecoin’s market cap) and powers a lot of blockchain games and services that run on Telegram. And the biggest of which is Hamster Kombat.

When Hamster Kombat launched in March of this year there was a marketing push to all of Telegram's users asking them to join. And, similar to Threads’ close relationship with Instagram helping inflate user numbers, Hamster Kombat now counts basically every Telegram user as a Hamster Kombat user, making it tough to get a handle on how many people are actually playing this game (they say 250 million). But strangest of all, the creator of the game remains anonymous. Crypto media outlets have joked that it's a CIA operation.

As for how one actually plays Hamster Kombat, you don't really. You have a pet hamster and you earn in-game coins by clicking on the hamster a la Cookie Clicker. If you're looking for any kind of lore, you basically have to click on the hamster to raise his levels until he becomes the CEO of a crypto exchange. Very meta.

But Hamster Kombat does have one clever gameplay innovation that is driving its extreme growth on social media. Aside from tapping on your virtual hamster to get coins, the game also gives you daily rewards for opening it every day. For instance, if you complete a 10-day streak you end up with seven million coins. And inside the app every day are other challenges, the majority of which are performed elsewhere on the web.

The game rewards you with coins for joining its Telegram Group, for watching its YouTube videos, for following the game on X, and for inviting more friends into the game. This large-scale, gamified inauthentic behavior is likely why Hamster Kombat's most recent YouTube video has 8.1 million views and every single comment is literally the same phrase over and over again: "Thanks to the Hamster Team for supporting our country." Based on the human beings making content about Hamster Kombat on YouTube, much of their user base is in India and Southeast Asia. Another clue to their user base is that many of the subtitles for Hamster Kombat's YouTube videos are set to Russian.

Right now, there is no way to convert Hamster Kombat's coins into real money, or even other cryptocurrency. But that’s changing soon. An "Airdrop" of $HMSTR tokens is scheduled for this month, which may explain why so many users are following the game's accounts right now. For those not familiar with crypto parlance, basically, there will finally be a way to link your progress in the game to a crypto token you can trade on open markets. Users may get issued free tokens based on how regularly they're playing the game or how many in-game coins they’ve amassed (the details of the airdrop are not yet confirmed). 

Hamster Kombat is often compared to Notcoin, which was the first clicker game that launched on Telegram in January and did its own AirDrop of the NOTcoin token back in May. It also runs inside of Telegram on the TON blockchain and doled out more than 80 million NOT tokens to players. Right now, one NOT token is worth about $0.016, which isn't bad as far as niche crypto tokens go — dogecoin’s token, DOGE, is worth about $0.12 at the moment. It’s important to point out that Telegram's crypto wallet isn't available in the US, which adds to the proof that the majority of the game's audience-turned-investors are not in America.

But what makes Hamster Kombat much more powerful than Notcoin, or other popular crypto games that have come before it, like Axie Infinity or 9Gag’s Memeland, is that it has added a new layer on top of the slot machine gameplay loop that keeps players hooked. Not only is it asking you to keep clicking on a virtual hamster to earn an in-game currency that it is promising you will eventually be tied to a crypto token, it's also asking you — and rewarding you — to invite your friends. Paying you in-game currency to follow its social media accounts so other people learn about the game and do the same. To watch its content and trick algorithms into promoting it further. Until everyone is playing Hamster Kombat.


Garbage Day is an award-winning newsletter that focuses on web culture and technology, covering a mix of memes, trends, and internet drama. We also run a program called Garbage Intelligence, a monthly report tracking the rise and fall of creators and accounts across every major platform on the web. And we'll be sharing some of our findings here in Sherwood. You can subscribe to Garbage Day here.

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Ethereum parent chain sets new record in daily transactions

On Wednesday, the ethereum parent chain logged its highest-ever transaction count at over 2.5 million transactions, a roughly 34% increase from 1.9 million transactions on the first day of the new year, data from blockchain analytics firm Artemis shows. 

Artemis research analyst Alex Weseley told Sherwood News the largest drivers of the network’s transaction growth stems from Circle and Tether’s stablecoins, USDC and USDT, as usage of both are up over 200% year over year. 

“It has also been interesting to see that the average transaction fee has remained low at < $0.20 per transaction, compared to the $52 average transaction fee paid when transaction counts peaked in 2021,” Weseley added.

The all-time high follows the activation of Pectra and Fusaka last year, two network upgrades aimed at enhancing the scalability of ethereum. “The changes ethereum is making to scale the L1 are starting to pay off, though we are still in the early innings,” Weseley said.

The price of ethereum has increased ~7% in the past seven days, outpacing its peers bitcoin, XRP, solana, and dogecoin. Meanwhile, spot ethereum ETFs trading in the US have seen almost $415.9 million in total inflows during the year so far, with $175 million from Wednesday alone, per SoSoValue. 

crypto

When will bitcoin break $100,000 again?

Bitcoin is having a strong start to 2026 that could see it catch up with precious metals’ rally. Bitcoin ETFs are also rallying, and saw their second consecutive day of massive inflows, recording $843.6 million on Wednesday, according to SoSoValue, bringing the total for the week to $1.7 billion.

Jake Kennis, research analyst at Nansen, told Sherwood News that a combination of easing inflation fears, geopolitical safe haven demand, stronger ETF inflows, and a technical breakout above $94,000 to $96,000 resistance are all converging to push BTC toward $100,000.

“The rally has solid institutional and onchain backing, but elevated leverage in futures markets and profit-taking by top traders near the $97K–$100K psychological resistance could trigger volatility,” Kennis said.

While bitcoin has retreated after nearing key resistance levels, Timot Lamarre, director of market research at Unchained, said that despite the asset having been well off all-time highs, it is set up for a sustainable run above $100,000.

“Institutions continue to open up bitcoin buying opportunities to new pools of capital, the macro environment continues to move toward significant monetary easing, and governments, companies, and individuals continue to increase their bitcoin stockpiles,” he said.

The analytics team at B2BINPAY echoed the sentiment, saying that the market structure remains bullish, “with potential to reach $100–105K in the coming weeks, potentially reaching the $120K–140K range later in 2026 if demand stays in place.” 

A failure would likely mean a pullback to the $88,000 to $90,000 range, where liquidity is already concentrated, they said.

“Another crucial marker is leverage. Funding rates and open interest are far from extreme, with total OI at around $65B. That’s high. Yet, it’s still below the prior record/near-record zone seen in 2025, around $72B–$75B. So the market isn’t stretched,” the analysts said.

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BitMine announces $200 million investment in Beast Industries, the business arm of YouTube star MrBeast

Not content with generating money through digital assets, BitMine Immersion Technologies is also attempting to cash in on another largely incorporeal industry: the attention spans of young people.

The ethereum treasury company announced a $200 million equity investment into Beast Industries, the holding company for the various ventures of YouTube star Jimmy Donaldson, aka MrBeast. While most of these operations revolve around digital content, we’d be remiss not to note that this also includes Feastables.

“MrBeast and Beast Industries, in our view, is the leading content creator of our generation, with a reach and engagement unmatched with GenZ, GenAlpha and Millennials,” said BitMine Chairman Tom Lee. “Beast Industries is the largest and most innovative creator based platform in the world and our corporate and personal values are strongly aligned.”

Beast Industries CEO Jeff Housenbold added that the company was looking forward to “exploring ways to further collaborate and incorporate DeFi into our upcoming financial services platform.”

However, in my personal view this is hardly the most eye-catching collaboration MrBeast has been involved with in the past 24 hours...

Mr Beast YouTube views
$17B

Cryptocurrency scammers stole an all-time high of $17 billion last year, crypto analytics firm Chainalysis estimated in a Tuesday report. The figure is a more than 21% increase from the $14 billion stolen in 2024.

Scams are becoming more sophisticated as impersonations of legitimate organizations grow more popular and the use of artificial intelligence improves the effectiveness of scams.

Impersonation scams, such as an actor posing as a support representative for the largest US-based exchange, Coinbase, have climbed over 1,400% compared to 2024, with the average payment amount made in this cluster jumping more than 600%. 

Meanwhile, scams using deepfake technology and artificial intelligence have not only increased transaction volume, suggesting broader victim reach, but also generated higher returns for the scammers. 

“Our analysis reveals that, on average, scams with on-chain links to AI vendors extract $3.2 million per operation compared to $719,000 for those without an on-chain link — 4.5 times more revenue per scam,” the Chainalysis report stated. “We are moving toward a future in which virtually all scams will incorporate AI into their operations to some degree.”

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