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.
It is appropriate for us to learn from existing experiences such as when shitcoin shitcoin first experienced hype, it's not wrong to invest in coins like shitcoin but at least only for the short term not long term like we invest in bnb or eth, for who have experienced from shiba inu hype of course understands that the increase in Bonk is nothing but the result of the hype that is happening on twitter and of course that is very dangerous because the shitcoin could fall quite deep in price, in my opinion what the OP said is quite true because it looks like we are just waiting for the time when the holders the releasing all the Bonk it has, so the price of the bonk will soon return to the bottom and in the end, those of us who believe in shitcoins like this will feel the loss.