As the $HMSTR token prepares for its listing on Binance, you might be weighing your options about whether to sell or hold. Here are some important factors to keep in mind before making your decision.
The token's supply is an immense 100 billion, which could create significant selling pressure. Additionally, the team has reserved a portion for “Season 2” under the guise of vesting, raising concerns about whether this is a tactic to continuously extract funds from investors. The situation is further complicated by a loss of community trust, particularly due to the banning of several legitimate users over claims of "cheating," which could lead to increased sell pressure.
Pre-market price indications are also troubling, suggesting very low prices ahead. Furthermore, $HMSTR appears to lack substantial utility and credibility. What real utility does it offer? Are you familiar with the team behind the project, and have they addressed user concerns?
In contrast, projects like $NOT, $DOG, and Blum have shown better visibility and engagement, while $HMSTR has not. Given these considerations, it may be wise to proceed with caution when thinking about selling. Personally, I plan to offload 90% of my holdings, as holding on feels more like clinging to unsubstantiated hope than investing in a trustworthy project.
Make your decision carefully to avoid being left with losses if the market takes a downturn.
