Here's how some memecoins shoot up and sometimes have staying power

It's really simple. The gas fees are sometimes more than the cost of the memecoin including the profits so folks tend to wait it out.

That's it. The waiting it out part makes it seem like no one is selling and increases the demand signal. This continues on until a real momentum is developed. The snowball effect is real.

To those saying if there is enough liquidity:

My formula is that at any point there is 10% of volume available to cash out without any issue. If you have more than that amount then youll probably run into filling issues.

at the end of the day its a casino but slightly better because with gambling you are out 100% but with crypto shitcoins you might walk away with either 200% or just 20% of your original draw.

good luck and happy memeing