If you follow crypto news, you might be aware about solana dog shitcoin called "BONK" is up 900% the past week . If you are thinking to invest in this coin, let me share an important fact regarding this coin. The top 20 holders 50% of the coin.
You can yourself check this here
https://solscan.io/token/DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263#holdersSo, it is obvious that they will eventually dump it. Those who are investing seeing the dramtic increase in prices will loose all their investment when it dumps.
Dude, it's up 3148.01% in 7 days. But if dumping so obvious with an airdropped coins, i have to ask you was it as obvious with Shiba Inu as well? Because that didn't stop top $300M marketecap.
I mean yeah, i admit it's stupid and risky to invest to something like this but don't underestimate how much stupid people can pump meme coins. Because we have seen this before.