If you're considering whether to hold or sell $HAMSTR now that it's available on Binance, here are some important points to consider before making your move—a decision that could significantly impact your portfolio.

1️⃣ Concerns about oversupply

$HAMSTR currently has 120 billion tokens in circulation. While the “Phase 2” reserve is presented as a strategy, it could be a tactic to retain holders while the team exits.

2️⃣ Community trust declines

The decision to ban legitimate members for “violating the project’s rules” has eroded community trust. This growing discontent could lead to a wave of sell-offs, putting further pressure on the token’s value.

3️⃣ Weak Pre-Launch Advertising = Risky Prospects

The lack of pre-launch buzz is a warning sign. With minimal initial interest, the initial price of $HAMSTR may perform poorly, encouraging holders to sell as soon as trading opens.

4️⃣ Lack of utilities

$HAMSTR offers limited practical utility and its anonymous team, unclear roadmap and poor communication do not inspire trust. In contrast, projects like $FLIP and $BONE have clear use cases and active community involvement.

🧐 My opinion: Be cautious.

I chose to sell 85% of my $HAMSTR holdings because holding is more like gambling than safe investing. It is important to reassess and avoid letting wishful thinking influence your decisions, especially when the price looks like it will fall.

DYOR! #Write2Win #Write&Earn #Write2Learn #Write2Earn! $HMSTR