Many altcoins are said to not have the platform involved in market manipulation, but I do not believe that. In fact, those altcoins are highly controlled in the spot market, and the platform is fully aware of it. Moreover, any altcoin that goes on a platform undergoes review and negotiation of conditions, meaning that a large fee must be paid to the platform. Since most project teams lack cash, it has become common for them to pay a large amount of spot currency to the platform. So how can the platform be unaware of this kind of market manipulation? Furthermore, since the platform owns a large number of altcoins and also needs to cash out at high prices, it even colludes with these manipulators to enhance the platform's big data. This malicious partnership to harvest retail investors is not regulated, leading to more and more retail investors being exploited, ultimately causing significant damage to the overall virtual currency investment environment.