Hamster Token ($HMSTR) started with an impressive $615 million initial market cap, but let's take a step back and compare it with a few others. The $NOT token had a higher initial market cap of about $945 million, while $DOGS launched with around $875 million. Interestingly, Ice began with just $5 million. Yet, despite these numbers, their performances tell different stories.
Currently, Hamster’s price sits at 0.005425 USDT, showing a drop of -9.87%. Here’s a crucial insight: although Hamster had significant financial backing, it didn’t generate as much return as Ice. Why? It’s all about how these tokens were distributed. Ice had a massive supply of 7.1 billion tokens, but not many people were mining them. Hamster, on the other hand, was heavily farmed, quickly saturating the market and reducing potential rewards for early participants.
Key takeaway? Projects like Ice, which were less exploited, provided better rewards. Meanwhile, tokens that gained too much attention—like Hamster—ended up being overfarmed, reducing the value for early adopters. Keep this in mind when searching for future airdrops. Don’t always follow what’s trending; instead, look for under-the-radar projects to potentially get higher rewards.
Many popular tokens aren’t gaining value because of their utility but due to influencers hyping them up. Stay sharp and strategize wisely for better returns!
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