At the end of the day, crypto fails to pump because most tokens sit in two hands: - OG whales - Retail Whales grew up, started families, and are selling after massive gains. Mostly to institutions, as planned. Retail is sentiment-driven. Short-term. Emotional. Panic sellers. Price moves only when supply shifts again to long-term holders. That’s the Great Rotation. Everything else is post-factum justification.(Ignas | DeFi)