$HMSTR Warning: Consider Before Selling
With the $HMSTR token listing on Binance just hours away, you may be torn between selling or holding. Make an informed decision and consider the following key points.
The token supply is a whopping 100 billion, putting yourself under massive selling pressure. In addition, the team has earmarked a portion for “Season 2,” under the guise of ownership, which could be a ploy to further squeeze investors. This, coupled with the loss of community trust due to banning many legitimate users on the grounds that “cheating is bad,” is worsening sentiment and could add to the selling pressure.
Pre-market price indicators are also alarming, indicating extremely low prices. Furthermore, $HMSTR lacks real utility and credibility. What utility does $HMSTR actually have? Do you know the team behind the project? Have they addressed user concerns?
Projects like $NOT, $DOG and Blum have demonstrated visibility and engagement, but $HMSTR has not. Considering these factors, a cautious sell-off seems wise. Personally, I am giving up 90% of my holdings, as holding on is more like clinging to false hope than investing in a solid project.