What is the root cause of the sharp decline in altcoin prices? The key lies in the short-sighted profit-seeking behavior of the manipulators, who are solely focused on unloading their assets for cash, completely disregarding the stability and healthy development of the market.

Currently, the significant drop in the altcoin market can be attributed to the poor operations of some manipulators. In the past, due to the difficulty of listing new coins, manipulators had to carefully plan the layout of chips and control market capitalization when launching a coin. However, times have changed, and the process of listing new coins has become extremely simple, especially on large exchanges, where many new coins are launched every month, such as USUAL, PENGU, CAT, VANA, etc.

Nowadays, the tactics of manipulators are very simple and crude: after completing the unloading of one project, they swiftly move on to the next project in search of a new round of fundraising activities. They have substantial funds and extensive resources, making it easy for them to list new coins. However, exchanges lack effective measures to address this issue. Even if there are thoughts of forcing project parties to stabilize the market, most project parties are too concerned to take action. As a result, the irresponsible behavior of manipulators has led to turmoil in the altcoin market, and the sharp decline in coin prices has become an inevitable outcome.