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The recent listing of $HMSTR on Binance has created a lot of buzz, but itâs crucial to weigh the potential risks before making any decisions. Hereâs a closer examination of factors that might influence your choice:
1. Massive Token Supply: A large token supply can make vulnerable to price swings. While the "Season 2" reserve may seem appealing, it could be a tactic to retain investors while insiders might sell their holdings.
2. Declining Community Trust: The recent bans of legitimate users have raised concerns about the projectâs transparency and community trust. If confidence continues to erode, it could trigger a sell-off.
3. Weak Pre-Market Hype: The lack of significant buzz before the Binance listing suggests a weak initial price. This could lead to a sharp drop, posing risks for investors.
4. Limited Utility: Compared to tokens like $NOT and $DOG, $HMSTRâs utility appears limited. An anonymous team, vague roadmap, and poor communication further raise doubts about its long-term potential.
My Perspective:
Considering these factors, Iâve already sold a significant portion of my $HMSTR holdings. The growing risks make it feel more like a speculative gamble than a reliable investment. Itâs crucial to stay cautious and make informed decisions, avoiding emotional impulses.
Remember:
The decision to sell or hold is personal. Always conduct thorough research and consider your risk tolerance before making any investment choices.
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