If you’re considering whether to hold or sell $HMSTR now that it’s live on Binance, here are some critical points to review before making your move—your decision could significantly impact your portfolio.
### 1. Oversupply Concerns
$HAMSTR currently has 120 billion tokens circulating. While the “Phase 2” reserves are pitched as a strategy, it could be a tactic to retain holders while the team exits.
### 2. Declining Community Trust
The project’s decision to ban legitimate members for supposed ‘rule violations’ has eroded community trust. This growing dissatisfaction could lead to a wave of sell-offs, putting further pressure on the token’s value.
### 3. Weak Pre-Launch Hype = Risky Outlook
The lack of buzz before launch is a red flag. With minimal early interest, $HAMSTR’s initial price may underperform, encouraging holders to offload as soon as trading opens.
### 4. Lack of Utility
$HAMSTR offers limited real-world utility, and its anonymous team, unclear roadmap, and poor communication don’t inspire confidence. By contrast, projects like $FLIP and $BONE have clear use cases and active community engagement.
My Take: Be cautious.
I’ve chosen to sell 85% of my $HAMSTR holdings since holding feels more like gambling than a sound investment. It’s important to reevaluate and avoid letting wishful thinking influence your decisions, especially when a price drop seems likely.
