HMSTR is Plunging, What's Next? 🚨 Why is the Price Dropping?
Why is the Price Dropping After Listing? 📉
🔹 Airdrop Sell-Off: Over 60 billion tokens were distributed to 131 million users, leading to a massive sell-off that sent the price down 30%.
🔹 Airdrop Distribution Issues: A large portion of the airdrop was given to influencers, raising concerns about transparency and trust in the community.
🔹 Market Speculation: Initial price expectations were based on a supply of 10 billion tokens, but the actual supply was much higher, leading to disappointment.
🔹 Lockup Period Confusion: The sudden lockup of 11% of tokens caused another sell-off as investors became hesitant to hold tokens.
