The fundamental reason why altcoins are dropping so sharply is:

Everyone says that when BTC drops a little, altcoins waterfall!!!

The manipulators only sell coins and don't support the market; if you try to buy the dip, they will sell more!! In the past, it wasn't so easy to launch coins in the crypto circle; the manipulators cared a lot about the distribution and concentration of chips and were keen on controlling the market. Now in the crypto circle, just Binance has launched USUAL PENGU CAT VANA ME MOVE ORCA ACX and so on in just one month.

Launching coins is too easy; the manipulators just need to sell, sell, sell. This project is done, just create a PPT and swap it for the next one! Getting a coin listed with resources is as easy as drinking water! Exchanges are also inactive! If they were to enforce market support with a firmer attitude, some project teams would have no choice but to support it!!!

Everything is the result of indulgence and neglect,

Remember the scumbag theory: in the crypto circle, regardless of whether the market is good or bad, just embody the scumbag to the end!