Actually, most altcoins are decreasing, but the new ones seem to be dropping even more, right? Remind me, is there anyone who bought at the peak $ME ? Everyone wants to buy in at a low price, but with such a high valuation, you can only fomo at the beginning, and then it will return to its true value. Compared to $BLUR in the same sector, having unlocked 2/3 of the total supply, I still see the current price of ME at $3.3 as high.

New stocks are quite similar in the chart. Listing, strongly pushing by 1 beat x2 x3, or have already increased x2 x3 earlier when there was news of being listed on Binance, still pushing another segment when newly listed.
After that, there are Futures, then shorting will gradually decrease, occasionally making a panic move that sweeps the stop-loss, lightly recovering and then decreasing again.
I think the stock $ME with $MOVE is also similar, it's not the right time to enter, wait for a panic move and then consider.
$ACX