After the sudden rise of GME, "regulations" are stepping in and forbidding trade. The "hot stock" values IMMEDIATELY DROPPED IN VALUE BY FIFTY PERCENT!
Intentional market crash is imminent.
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All I can say as an alternative to holding onto cash is covering long-term loans. I might just take $20k of what I just removed from investments and put it toward my home mortgage.
I have been doing a lot of that type stuff. I hate debt in general anyway. I've gotten to the point my stock market type investments are pretty much exclusively in my 401k and Roth IRA. I'm not screwing around with them that much although I do have a lot of some "inflation protected" bond right now in the 401k that I don't trust to be inflation protected at all.
I used to keep more stocks outside of those accounts, but except for little bets here and there I just like putting that other cash into something else with the mindset that I've got more than enough exposure into stock markets, ETFs, funds, you know all that funny paper in those two accounts. I'm screwing with real estate and a tiny side project of crypto and precious metals (like in the hundreds of dollars tiny at this point).