Attention $BLUM holders! If you're thinking about selling, take a moment to consider these important factors before making any moves. Your next decision could significantly impact your portfolio!
Overwhelming Token Supply:
$BLUM has a circulating supply of 150 billion tokens. While the "Phase 2" reserves might be framed as a way to reward holders, it seems more like a stalling tactic as insiders prepare to exit.
Loss of Community Confidence:
Recent bans on active and legitimate members of the $BLUM community have seriously damaged trust. This growing frustration could lead to a major sell-off, causing the token’s price to nosedive.
Weak Pre-Launch Buzz = Major Risk:
The minimal excitement surrounding $BLUM before its anticipated launch on October 20th, 2024 is a bad sign. Without strong early interest, $BLUM’s price could rapidly fall, leading to panic sales when trading intensifies.
Lack of Purpose:
$BLUM lacks a clear utility. The team's anonymous nature, combined with vague plans and poor communication, raises red flags. Compare this to tokens like $FLIP and $BONE, which offer clear use cases and have active, engaged communities.
⚠️ My Take:
I’ve offloaded 85% of my $BLUM holdings because the risks seem much higher than the potential rewards. Holding feels more like a gamble than a calculated investment. Don’t let emotions sway your decision—step back, reassess, and make informed choices!
It’s predicted that $BLUM might debut around $0.0025, but there’s a high chance it could dip further due to the aforementioned issues.
Stay vigilant, and don't let wishful thinking guide your next move.
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