Some conspiracy theorists attribute the decline in altcoin prices to Wall Street manipulation, believing that its purpose is to suck the blood of small-cap cryptocurrencies. However, this statement ignores the real dynamics of the market.

First, the decline in altcoins is not related to large financial institutions. The current scale of funds in the market is insignificant for these institutions, and they have no need to operate against small retail investors. These institutions are more likely to focus on promoting their business and expanding their market influence.

Second, the trading of major cryptocurrencies such as Bitcoin has gradually moved away from the scope of retail investors. Except for short-term high-leverage transactions, retail investors' trading volume on Bitcoin has dropped significantly. Some bad actors in the market may be using their financial advantages to conduct improper operations, but this does not mean that there are problems in the entire market.

Furthermore, even if financial institutions on Wall Street intend to manipulate the market, they are more likely to rectify the big players in the market through legal channels, such as cooperating with regulators. The U.S. Securities and Exchange Commission (SEC) has been actively investigating market manipulation and has never stopped.

There have indeed been some unscrupulous behaviors in history for the sake of profit, but this does not mean that all current market changes are caused by these behaviors. Continuous supervision and investigation by regulatory authorities help maintain market fairness and transparency.