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The confidence of long-term holders
Investors who stick to their positions are testing an old adage — as long as the conviction is strong enough, there is room for growth. A target price of 500k? For true HODLers, this is not a pipe dream but an expectation based on confidence.
The trend of these meme coins often unfolds like this — retail investors who look down on them early on gradually become bagholders, while those who have been early and remain unaffected by short-term fluctuations end up laughing last. The market loves to slap those who frequently cut losses.
The key still lies in the mindset of holding. Whether one can add to their position during a pullback, and whether they can stand firm when public opinion reverses, are the true dividing lines between winners and laggards.