Before you make any quick decisions about selling your $HAMSTR tokens, let’s dive into some key considerations that could impact your portfolio, especially with $HAMSTR now listed on Binance. Here’s what you should know:
1. Oversupply Issues:
With a staggering 120 billion $HAMSTR tokens in circulation, the so-called “Phase 2” reserve plan feels more like a strategy to hold onto investors while insiders may be exiting. This oversupply could put downward pressure on the price.
2. Declining Trust:
The project has raised red flags, like banning community members for minor reasons, leading to a loss of confidence. As trust in the project erodes, it’s possible we’ll see a wave of sell-offs, pushing the price down even further.
3. Weak Launch & Unclear Utility:
The pre-launch buzz around $HAMSTR didn’t quite deliver, and with no clear utility on the roadmap, the token’s future seems uncertain. Unlike tokens like $FLIP or $BONE, which offer real-world use cases, $HAMSTR struggles to show its potential.
Personally, I’ve chosen to sell off 85% of my holdings and focus on more stable opportunities. Make sure to base your decisions on facts rather than emotion, especially when the outlook is shaky.
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