Good old fireside chat, page-9292

I think its more a FOMO induced buying frenzy followed by a sudden dearth of new follow up investors.
Smarter investors know that patience will inevitably facilitate a lower cost entry once the hype has died down .
Buyers become sellers as they see their profits disappearing.
Nothing sinister ,just human nature preserving their capital whilst capturing a pretty decent short term gain.
No one can ridicule them for such a course of action,its better than seeing your gain retrace to earlier levels .
Frustrating perhaps but not many stocks go straight up the page .
Those that do are much closer to production and generally have a much smaller and tighter shareholder base .