$HMSTR is another garbage coin manipulated by a dog exchange!!!
Guang Ge believes there are several reasons for the crash:
1. Massive selling after airdrop
#HMSTR faced intense selling pressure from airdrops after its initial listing. Many participants quickly sold their tokens after receiving them, leading to a price crash, with a drop of over 40% in just a few days, and even as much as over 70%.
2. Tokenomics heavily favors internal team
The issuance mechanism is severely biased towards internal holders and early institutions, causing an imbalance in market supply and demand. When the lock-up period ends, the released tokens further depress the price.
3. Chaotic airdrop execution, community dissatisfaction
Multiple instances of unfair distribution: ordinary users received minuscule amounts while influencers obtained large quantities of tokens. Last-stage rule changes, delayed deliveries, and frequent technical failures, including difficulty in accessing wallets, further damaged user trust.
Therefore, Guang Ge advises friends to carefully choose some mainstream altcoins to invest in, and be extremely cautious!!!
