When a coin's price action hinges entirely on one wallet or individual calling the shots, that's usually a red flag. You're essentially betting on a single point of failure—the moment that person exits or the dynamic shifts, things can unravel fast.

Now, flip that script. If momentum builds on collective mindshare and genuine distributed participation—where the narrative spreads across the community—that's the speculative play worth chasing. The price action becomes driven by organic belief rather than whale manipulation. That's where the real risk/reward setup sits for me.