Everyone (that is the early birds, whales, pumpers and the crypto hype squad) will cash in or take some of their profits off the table. Leaving the retail investor hodling the bag AGAIN by jumping in late and hoping for another price pump.
Obviously, this is caused by the usual suspects in pumping (and dumping) coins on Twitter. No need to mention any names, they know who they are.
You can easily identify a late comer when they keep asking: 'Is it too late to buy ${NEXT_BIG_CRYPTO}', 'When will it go back up again?', '${NEXT_BIG_CRYPTO} to the MOON'.
In times of euphoria and tulip mania the wise one says: What goes up, musk comes down. Tread carefully.