Is selling $HAMSTR the right move for your portfolio? Letâs dive into why this decision might require more thought than you think.
1. Excessive Token Supply $HAMSTR currently has a staggering 115 billion tokens in circulation. While "Phase 2" reserves may sound like a strategic move, it feels more like a method to keep holders onboard while the team exits quietly. The sheer number of tokens available could dilute its value over time, leading to potential risks for investors.
2. Community Trust Erosion A series of questionable decisions, such as banning community members for minor infractions, has shaken confidence in $HAMSTR. This growing distrust could lead to widespread selling, driving the price further down and accelerating a bearish trend.
3. Lackluster Pre-Launch Activity The weak buzz surrounding $HAMSTRâs pre-launch phase signals an uphill battle. With minimal interest leading up to the official trading date, there's a chance that the tokenâs launch price could underperform. This could spark an immediate sell-off as early holders attempt to salvage profits.
4. Unclear Utility and Roadmap $HAMSTR struggles to present any real-world application. The team behind it remains anonymous, the project roadmap is unclear, and communication with investors is lacking. In comparison, tokens like $FLIP and $SHIB have well-defined purposes and vibrant communities, giving them a solid foundation for growth.
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My Take: Be prudent. Personally, I've chosen to sell off 80% of my $HAMSTR holdings. The lack of transparency and weak market signals make it feel more like a speculative gamble than a sound investment. Itâs essential to reassess your position and consider cutting your losses before a potential price plunge.
Stay informed, and don't let emotions cloud your judgment when the data suggests otherwise.