If you're debating whether to hold or sell your $HAMSTR now that it's live on Binance, there are important factors to keep in mind, as your choice could significantly affect your portfolio.
1. Oversupply Issues: With 120 billion $HAMSTR tokens circulating, the promoted "Phase 2" reserves might just be a tactic to retain holders while the team looks for an exit.
2. Loss of Community Trust: The project has been banning genuine members for supposed rule violations, which has weakened trust within the community. This dissatisfaction could lead to a large number of sell-offs, pushing the token's value down further.
3. Weak Pre-Launch Buzz: The lack of excitement prior to launch raises concerns. With low interest, the initial price of $HAMSTR may fall short, prompting more holders to sell.
4. Limited Utility: $HAMSTR lacks real-world use, and its anonymous team, vague roadmap, and poor communication don't build confidence. Other projects like $FLIP and $BONE have clearer purposes and more engaged communities.
My Advice: Proceed with caution. Iâve personally sold 85% of my $HAMSTR holdings since holding seems more like gambling than a sound investment. Itâs important to evaluate the situation logically and not let emotions steer your decisions, especially with a potential price drop on the horizon. Make informed choices.
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