Hamster Kombat (HMSTR) was initially seen as a promising new token, but it faced major problems soon after its launch. In just three days, the token's value dropped by 42%, showing how risky and volatile new tokens can be. A deeper look into HMSTRâs ownership shows that five wallets control 93.95% of the token supply, which is a big concentration of power.
The largest holder alone controls 61% of all HMSTR tokens, giving them significant control over the tokenâs future. Binance, the worldâs top cryptocurrency exchange, owns the second-largest share with 14% of the supply. This centralization raises concerns about how fair and transparent the token's initial distribution was.
While the project's creators might view this as a success, smaller investors are struggling. They hold only a small portion of the tokens, giving them less power and fewer potential returns. This situation points out the challenges and unfairness that can happen in the fast-moving world of cryptocurrencies, suggesting a need for fairer distribution in future projects.#Write2Earn! #Write2Earn! #Write2Earn! #Write2Earn! #Write2Earn!
