SOS: THE MARKET "BREADS BLOOD" OVER THE NIGHT, MEME COIN Suffers the heaviest price drop

That night, the market was filled with red, BTC lost nearly 2.7% of its value, ETH dropped 4%, altcoins also lost 10-15%. The hardest hit are meme coins, which have lost more than 20% of their value.

The market is reacting strongly after the recent news. Many investors also believe that the main reason is due to the SEC's recent lawsuit against Binance and CEO Changpeng Zhao. The lawsuit alleges that Binance sold unregistered securities, including several major cryptocurrencies such as Solana (SOL), Cardano (ADA), and Polygon (MATIC). This legal action had a major impact on market sentiment, causing a widespread decline in the cryptocurrency market.