Warning: Important Before You Dump $HAMSTR, Think Twice!
Here's why selling $HAMSTR might be a wise move:
With $HAMSTR now available on Binance, you might want to consider holding or selling it. Here’s an important update to consider before making any decisions, as your next move could have a significant impact on your portfolio.
1. Huge display of icons
The current supply of $HAMSTR is around 120 billion tokens in circulation. While the planned reserves in Phase 2 may seem like a strategy, it seems more like an attempt to hold onto the token holders while the team withdraws funds.
2. Loss of community confidence
The project’s handling of “rule violations” by banning legitimate members has caused a growing lack of trust. This decline in trust could lead to a massive sell-off, further damaging the token’s price.
3. Low pre-launch hype = High risk
The lackluster hype leading up to the launch hints at potential problems. With little early interest, the $HAMSTR launch price could be disappointingly low, prompting holders to dump their tokens once trading begins.
4. Lack of purpose
$HAMSTR offers very little in the way of real-world utility. The team’s anonymity, vague roadmap, and poor communication are red flags. By contrast, tokens like $FLIP and $BONE offer clear use cases and active engagement with their communities.
My point: Be careful.
I have decided to sell 85% of my $HAMSTR holdings, as holding them seems more like a lucky bet than a serious investment. It is smart to reevaluate, and don’t let optimistic thinking cloud your decisions when a price decline seems inevitable.
Make an informed decision, and don't let the $ETH cryptocurrency control you.