Now that $HMSTR is officially on Binance, many holders are contemplating selling. But before you make any moves, consider these critical points:
1. Oversupply Risk: With 100 billion $HMSTR tokens in circulation, a massive sell-off could be on the horizon. The âSeason 2â reserve might seem like a good sign, but it could also be a tactic to keep investors hooked while insiders exit.
2. Fading Community Trust: The recent bans of legitimate users under the pretext of âcheatingâ have shaken community confidence. If this trend continues, it could spark a chain reaction of sell-offs.
3. Weak Pre-Market Buzz: $HMSTR struggled to gain traction before its launch, signaling potential price instability. This could lead to a rapid sell-off, putting remaining holders at risk.
4. Limited Utility: Compared to tokens like $NOT and $DOG, $HMSTR offers little in terms of practical use. An anonymous team, vague roadmap, and poor communication only add to concerns about its longevity.
đĄ My Opinion: Iâve already cashed out 90% of my $HMSTR. Given the rising risks, $HMSTR seems more like a gamble than a solid investment. Stay sharp, make informed decisions, and donât let emotions drive your trades. â ïž
đ Get a $20 Binance Bonus! New to futures trading? Transfer funds from your spot wallet and claim an instant $20 bonus!
#BinanceLaunchpoolHMSTR #CATIonBinance #FTXSolanaRedemption #CryptoNews #moonbix
