When I saw tiktok there were lots of posts about this shiba coin by showing off the journey from the beginning of buying until now by telling in detail the increase in the amount of the balance every time. They say this coin will experience a high increase so that a lot of people ask and make people tempted to follow it, I think this is a terrible thing
The FUD that is spread in the TikTok video is so much about other meme coins and they believe that meme coins can give big profits, especially Shiba coins and often I open TikTok, of course, videos like the ones you mentioned always appear and become a lot of questions from beginners who want to buy it aka FOMO.
This is indeed very terrible and many beginners will be trapped in this and they are always showing off their profits even though they don't know what will happen if they experience a severe decline or other correction like now? How they can strengthen beginners who are confused about this, of course, is too tempting to follow.
With that, surely many beginners are interested, beginners just ask how to buy coins without more extensive knowledge and they don't even know the risks. He was simply seduced by the huge profits quickly. This fomo can continue to look for the next victim if many spread it on other social media
This is the scary thing in the crypto world, there are still many people who invest only based on other people's opinions and are easily influenced
by influencers on various social media. Therefore, meme coins have been hyped for several times because there are so many newbies who buy
meme coins at the peak price. In the end what happened to Dogecoin will also happen to Shiba Inu, it's true now Shiba Inu is still bullish,
but someday the price of Shiba Inu will fall quite deep and if that happens it will take a long time to recover. What is certain is that if that happens
there will be panic selling and will harm many people, the beneficiaries are people who buy Shiba Inu when the price is still very cheap and manage
to sell it when the Shiba Inu reaches its peak price. My advice is to only buy coins that we understand, and make sure we make a decision after
doing our own analysis, because buying coins based on other people's opinions will only make us lose the capital we have.