Sharp Decline in Currency $HMSTR โ Here Are the Reasons ๐
The HMSTR currency has witnessed a sharp decline after the token distribution, and here are the main reasons that led to this rapid collapse:
1๏ธโฃ Massive Selling After Distribution (Airdrop):
More than 130 million users received the token for free, and most rushed to sell immediately to realize profits, causing massive selling pressure.
2๏ธโฃ Unsustainable Tokenomics:
The circulating supply reached tens of billions without strong incentives to hold, and with upcoming unlocks, selling pressures are increasing.
3๏ธโฃ Loss of Community Trust:
Accusations of bias towards influencers at the expense of the average user, along with weak transparency in distribution, fueled a wave of anger and selling.
4๏ธโฃ Technical Issues with Telegram Wallet:
Many users faced problems receiving or trading the token via the Telegram interface, leading to frustration and prompting them to sell.
5๏ธโฃ The โTap-to-Earnโ Model Loses Its Luster:
As happened with Notcoin, the excitement ended shortly after launch, leading to the expected price collapse.
๐ Result:
HMSTR has rapidly collapsed from its peak, proving once again that speculation without a clear and sustainable project can be a risky opportunity.
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