Beginner here – is this kind of run normal for a new meme coin?

Hey everyone, I’m pretty new to meme coins and I’ve been watching a project launch today. It’s been really interesting to follow and I wanted to ask for some advice from people who have more experience.

This token has already pumped over +1,100% in the first 24 hours, with around $10K in volume and more than 500 transactions. Liquidity is sitting at about $2.6K and the devs say it’s locked, which from what I understand means they can’t just pull it out and rug. I’ve also noticed there seem to be more buys than sells overall, which makes me think people are actually holding instead of just flipping.

My question is: is this kind of explosive start normal for meme coins, or is it unusual that it’s still holding after the first pump? I’ve read that most launches crash really fast, but this one looks like it’s stabilising. Does that usually mean it might have more potential, or is it still just standard volatility that happens with every new coin?

Would love to hear the perspective of people who’ve seen a lot of these launches. How do you tell the difference between a coin that’s just hype and one that could actually build something?

Here it is:
https://dexscreener.com/solana/9hhlpupd1kqirqf1kdo8qyr6xamtteghqkkgbffavyw