It is always happening, if the price of btc starts to rise most of the investors are doing panic buying because they want to earn a big profit in a short period of time, so it is not new to us. Bitcoin is now rising so people will surely do panic buying but for me I will wait for the next correction before buying because it is not risky if we buy on dip than buying on bullish market.
for some reason, when prices go up, or down, people will panic. whether it's because of panic buying, or selling. however, I personally do not recommend this. because, something done in a panic or in a hurry has a result that is not optimal. Well, I understand why they're panicking, but it needs to be controlled. so when you buy, or sell it can match your target.
Well, if you don't want to panic too much, then the coins you don't need to worry about holding on to are bitcoin, etherum, bnb, and other popular coins. in fact, yesterday the price of BNB was in the range below $400, and now the price has gone up even higher.