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If you see pictures of wallets like Phantom holding millions of dollars in meme coins, beware
Don't be fooled by millions of dollars at all because even if the pictures are real, you're unable to sell 10 million dollars worth of the currency, for example. Why?
Because there is something called liquidity pools; you need to check the liquidity available for the currency
For example, we see a meme coin with a market cap of $100M, but the liquidity in the pools is only $2M. Even if you want to sell $10M, you can't because the liquidity is only $2M.
Don't trust everything that is published; large, well-known coins—if only $5M is sold at once—could collapse...