Nakamoto Games Faces Backlash as $NAKA Token Plunges 36% Amid FUD Storm

November 11, 2025 – The blockchain gaming market, already reeling from widespread volatility, is facing renewed turmoil as Nakamoto Games and its $NAKA token come under intense community scrutiny. Once a darling of the 2021 play-to-earn boom, the Thailand-based project now finds itself battling mounting FUD (fear, uncertainty, and doubt), accusations of opacity, and a collapsing token price.

From Peak to Plunge

Launched in September 2021, $NAKA surged from $1.24 to $5.70 within two months, riding the play-to-earn wave. By mid-2022, the FTX collapse and the broader bear market crushed its price to $0.052, erasing 95% of its value.
Now trading at $0.08, $NAKA sits 98.6% below its all-time high, with a circulating supply of 105.7 million tokens and a diluted valuation of $14.7 million, a fraction of its former $1 billion market cap.

The past week alone saw a 36.6% drop, mirroring a 7.6% crypto market dip but amplified by project-specific pressure. Posts on X (formerly Twitter) accuse the team of “recycled content,” false user claims, and concealed token dumps. X accounts like @chainshinobi and @James_M_BTC allege that buybacks and burns lack on-chain proof and that the 650,000-user count is inflated.

FUD Erupts After Exchange Delisting

The storm intensified when Bitget announced it would delist the NAKA/USDT pair on November 14, citing liquidity risks. Traders interpreted the move as a red flag, leading to another wave of selling. Volume remains modest at $5.3 million, primarily on KuCoin, while the RSI at 29 suggests oversold conditions and potential volatility ahead.

Nakamoto Games operates over 200 titles on Polygon, integrating with Telegram and TON, but many users argue its catalog consists of “re-skinned mobile games.” Skeptics claim the platform has failed to evolve, despite consistent marketing and ecosystem updates.

Team’s Response: Quiet, But Defiant

Facing a surge of criticism, the Nakamoto Games team adopted a restrained tone.
In a November 7 statement, it wrote:

“We keep moving forward and are always open to clarifying critical questions, but not to engage with FUD or threats. The team remains fully focused, heads down, and #BUIDLing as always.”

While no direct rebuttal followed, development has continued. Recent highlights include NAKA Boom Mobile, Fall Race adaptations, and a Bitget Wallet credit card offering zero-fee crypto spending. The upcoming “Chapter 2.0” update promises on-chain TON gaming and a new whitepaper, targeting 50,000+ daily active users.

Supporters like @MagicSpeed8888 frame the chaos as a bottom signal:

“FUD comes at the bottom. Nakamoto Games has been building for years.”

Still, calls for transparency, audits, and user metrics persist.
One frustrated holder, @roxochixo, pleaded:

“We don’t need hype. We need proof.”

Market Outlook: Fragile Hope Amid Fatigue

With token unlocks approaching and exchange listings thinning, Nakamoto Games’s credibility faces its toughest test yet. To restore trust, it must turn output into proof and reconnect with its community.

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In a market where 98% drawdowns can either destroy or define projects, Nakamoto Games stands at a crossroads between quiet rebuilding and irreversible collapse.

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