$ETH

Sharp Decline in $HMSTR Coin — Here are the Reasons 🔍

The HMSTR coin experienced a sharp decline after the token distribution, and here are the main reasons that led to this rapid collapse:

1️⃣ Mass Selling After Distribution (Airdrop):

Over 130 million users received the token for free, and most rushed to sell immediately to realize profits, causing massive selling pressure.

2️⃣ Unsustainable Tokenomics:

The circulating supply reached tens of billions without strong incentives to hold, and with upcoming unlocks, selling pressure is increasing.

3️⃣ Loss of Community Trust:

Accusations of bias towards influencers at the expense of the average user, coupled with weak transparency in distribution, heightened the wave of anger and selling.

4️⃣ 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.

5️⃣ “Tap-to-Earn” Model Loses Its Luster:

As seen with Notcoin, the excitement faded right after launch, leading to the expected price collapse.

📉 Result:

HMSTR has rapidly collapsed from its peak, proving once again that speculation without a clear and sustainable project can be a dangerous opportunity.