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.
I mean without even looking why would anything called "Bonk" be something that's needed anyway. The amount of tokens and coins that keep getting developed with little to no value and gets pumped is beyond amazing. The amount of greed in crypto is hilarious. Seems like it will never end until everyone one by one loses theor money to all of these scams.