I launched my own memecoin, but it’s stuck at 15-20K market cap – what am I doing wrong?

Hey everyone!

Five days ago, I launched my own memecoin, @ blipocoin on X. So far, the market cap has been fluctuating between 15K and 20K, and I’m trying to figure out what’s holding it back. I’d really appreciate some honest feedback! Are there any major red flags that might be stopping people from investing? The only issue I can think of is that one fan holds 13% of the total supply, which isn’t great at this stage. I asked him to distribute it across multiple wallets, but I haven’t heard back. Would love to hear any insights from this community. Thanks in advance!

https://pump.fun/coin/8Gs7Ew8n87JWETQQ5vUxNis8khwSTy4gULCor1SMpump?coins_sort=market_cap