Things like this is never good for the general market. If the leaders, most influential people in the world, bank on their influence to milk liquidity across chains to their memes, the ripple effect will always be on the shrimps with less liquidity.
In a nutshell, the institutional investors, dollar billionaires and others, can afford to ape in early enough. Most of them are tipped off (cartels). They invest as much as $100k, $1m and more depending. They only need 10% to 100% depending on the amount invested. That's barely X2 or less to make it in that trade while the shrimps invests their last $10, $100 to $1k or more depending as well. This demographic will need at least 500% i.e 5 times their investment before considering taking profit. When the big investors pulls off, the market tanks, thanks to the #shrimps My advice: Protect your capital at all cost by doing your due diligence before aping due to hype.
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