Today marks the launch of $HMSTR on Binance, sparking debates among investors: to sell or hold? Here's a deep dive to guide your decision:
Token Supply Concerns:
$HMSTR launches with a massive supply of 100 billion tokens. Such a high count could lead to significant selling pressure as the market adjusts.
Vesting Strategy:
The $HMSTR team has reserved tokens for "Season 2" under a vesting schedule. This could be seen as a strategy to sustain long-term project involvement, but some community members feel it prolongs profit access unfairly.
Community Trust Issues:
Recent actions by the $HMSTR team, including account bans for alleged cheating, have soured community relations, potentially fueling further sell-offs.
Market Position and Utility:
Pre-market activity suggests a volatile start. Moreover, $HMSTR's utility and project transparency remain unclear, especially compared to more communicative projects like $NOT and $DOG.
Personal Stance:
While not financial advice, my personal strategy involves reducing my $HMSTR holdings considerably. The current market signals and project actions suggest that holding might be more speculative than strategic.
Closing Thoughts:
Every investor's situation is unique, but the current sentiment around $HMSTR is cautionary. Evaluate your stance based on the latest market data and project developments.
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