"This influencer sold that coin and is going to direct attention to this new coin"
That's not how it works. The coins themselves are living and evolving memeatic organisms, the influencers can light sparks that turn into fire, but they can never tell the wind which way to blow
I buy coins at high marketcaps only if they've had multiple deep corrections
If you really want to buy a new coin, put it on a watchlist instead and wait for it to have a deep correction, if it does not, then just move on. You have to resist fomo and be fine with missing things, there are always opportunities but the most important rule is never lose money
The largest House/SOL Meteora LP is starting to feel a supply crunch on the sellside with way more SOL than House available, there is over $500K SOL available to absorb sells but only $300K of House left for buyers
There are other smaller LPs but it's the same story, sellside liquidity providers (sellers) are basically running out of House to sell
Also, since the distribution is improved from this ~60% correction/shakeout we might have a real House(ing) supply crisis on our hands 😅
Double check this for yourself by searching for House LPs on dextools/dexscreener and viewing the pair contracts directly, the screenshot below is just a pair contract on solscan - nothing I say is financial advice and I am actively trading House
The trenches are evolving, it's not gonna be a new runner everyday straight out of pumpfun anymore
Participants are starting to appreciate liquidity and distribution strength, a couple good examples are housecoin and titcoin, these coins both already had deep corrections and time capitulations
Runners like these have staying power and true potential to become billion dollar coins, it won't happen overnight (that's a good thing!) but the trenches are certainly back