This is the

Paper Hands

Those who start with belief but often falter along the way. They may lack the conviction to hold through volatility and tend to panic sell during market downturns, contributing to price instability. They are more focused on immediate gains or avoiding short-term losses rather than considering the long-term potential of their investments. These holders may be easily swayed by FUD (Fear, Uncertainty, Doubt), leading them to sell impulsively without fully considering the consequences. However, more often than not, they end up missing out on substantial profits, regretting their hasty decisions as the project gains momentum.