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.
If we do tend to look now.
https://coinmarketcap.com/currencies/bonk1/Price had already corrected out which to those who had bought on the peak price or ATH will really be ending up on regretting and whining up
about their negative portfolios.
Its not something new and its been that common on what we are seeing where these hype and shilled coins is something where those
people do love to dragged themselves into the hype and cry later on if they had been caught by the dump.