The reason all these onchain memes straight out die is a consequence of their low liquidity

Not sure if you guys remember, but when most onchain activity was happening on ETH, we had plenty of coins with way more liquidity than on Solana

Solana really perfected the casino plays - coins have very little liquidity, but in good times this actually makes them more reflexive and easy to pump

however, in bad times, they just go down and down and down and don't really stop

you look at the prices and you think you will have time to sell - bc why not, after all these dumps took days or weeks to materialize

but because they dump so violently (30% in one day let's say at the beginning of the dump), you always think a bounce will come where you can sell

before you know it, it dumps another 20% and now you are down 45% from the peak and you say to yoruself "ah makes no sense to sell here, it's already down so much"

and then it dumps some more

imo if you're sitting on great profits, even selling here is great

ppl don't realize that -60% from the top to -80% is another 50% drawdown

let's say you made 100k on a coin, you didn't sell the -30%, you're down 50% and you think it's too late to sell

you could walk away with 50k

but you think it will bounce

next thing you know it dumps to -75% which is another halving of what you had

now you have 25k

you look at it and you wish you would hve sold at the -50%

this is the conundrum that most ppl have faced these days and if you don't muster the courage to cut your positions, you end up holding the bag and waiting for it to pump back

some might, but most will not

if we look at how this cycle has played out, when the market comes back, the old plays don't necessarily make a comeback (very few do and those are the established ones)

like BONK went back to ATHs, WIF did too, PEPE did well ... but 99% of coins don't