As an investor will this be a signal for you to invest in such a project? It's true, I'm currently FOMO-ing on this particular token but I need to know what you guys think.
I have seen some coins and tokens that are the highest gainers for days or weeks but later they will fall after they pump. This is very common to altcoins, especially the news ones that people later know and pumped. As they pump it so they will dump it. That is the reason you will see the coins gain 10x or more and later fall to almost 10x or more.
Exactly, it's a normal movement for a meme coins as everyone is going to pump it as high as they can, then suddenly sold everything and never recover. So for those who are familiar with this kind of movement, it's normal but it doesn't mean that we are going to be interested and invest on those tokens. On the contrary, we should stay away from them as it's not a healthy for the market. Of course who doesn't want a good profit, but it's not for everyone, and for those who gain profit, it's on the expense of others who don't know how meme coins move and it's going to be a bad experience for newbies and very expensive lessons for them.