While the recent listing of $HMSTR on Binance has generated excitement, it's important to consider the potential risks before making any hasty decisions. Here's a breakdown of factors that might influence your choice:
1. Massive Token Supply:
A large token supply can make $HMSTR susceptible to price fluctuations. While the "Season 2" reserve might seem promising, it's worth considering if it's primarily a strategy to retain investors while insiders potentially sell off their holdings.
2. Declining Community Trust:
The recent bans of legitimate users have raised concerns about the community's trust in the project. As confidence wanes, it could lead to a sell-off wave.
3. Weak Pre-Market Hype:
The lack of significant momentum before the Binance listing might indicate a weak starting price. This could result in a sharp decline, putting investors at risk.
4. Limited Utility:
Compared to other tokens like $NOT and $DOG, $HMSTR's utility appears limited. The anonymous team, unclear roadmap, and poor communication further contribute to concerns about its long-term viability.
My Perspective:
Given these factors, I've already sold a significant portion of my $HMSTR holdings. The growing risks make it feel more like a gamble than a solid investment. It's essential to remain cautious and make informed decisions, avoiding emotional impulses.
Remember:
The decision to sell or hold is entirely personal. Always conduct thorough research and consider your risk tolerance before making any investment choices.
