You've raised several important points that are worth considering for anyone holding or thinking about selling $HAMSTR. Let's break them down:
1. Oversupply Concerns: With 120 billion tokens in circulation, supply and demand dynamics could negatively impact the price, especially if there's insufficient demand to absorb this supply. The mention of "Phase 2" reserves could be seen as a marketing tactic to retain holders, but it's essential to assess whether these reserves add real value or are just a means to delay sell pressure.
2. Declining Community Trust: Trust is critical in the crypto space, and banning legitimate members could indeed harm the project's reputation. A community-driven sell-off due to declining trust could trigger further price declines, which could be significant given the scale of the airdrop and distribution.
3. Weak Pre-Launch Hype: The lack of enthusiasm before launch often translates into weaker price performance. If the market sentiment remains tepid, the token could struggle to maintain its value post-launch, leading to rapid sell-offs from those looking to minimize losses.
4. Lack of Utility: Without clear use cases or a solid roadmap, a token's long-term viability is questionable. Projects like $FLIP and $BONE that offer real-world applications or vibrant communities often have more staying power. The anonymous nature of the $HAMSTR team further adds to the risk, as transparency and accountability are vital for investor confidence.
Your decision to sell 85% of your holdings shows a strategic approach to managing risk, especially when the signs suggest a potential downturn. It's important to stay rational and not let the fear of missing out (FOMO) or emotional attachment drive investment decisions.
Ultimately, for those still holding $HAMSTR, closely monitoring market trends, community sentiment, and any updates from the project team will be crucial. Diversifying into projects with stronger fundamentals could also be a safer bet in the long run.
