Good detection OP and doubt that this project has no way to stay longer in the market but a collapse and scam. This will ruin the image of Solana totally and meme coins can't really be trusted. Just to imagine that only 20 holders owe a huge amount of this coin, that is obviously price manipulation. Yes, it is indeed to stay away from this project.
So, 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.
It is certainly possible and based on my experience, most of the hyped projects will never stay high for a long time but it drops drastically bringing losses to the investors.