The cryptocurrency market is rapidly becoming a cancer stock, and all the characteristics of cancer stocks are present.

1. It is positioned as a financing market, not an investment market.

2. The listing itself is a black box, not a question of whether it is good or not.

3. The IPO price is too high, and the secondary market is not given opportunities.

4. The dividend ratio is low and it is very arbitrary.

5. There are too few delisted companies, and the delisting system is not strictly enforced.

6. Non-tradable shares are reduced, and major shareholders pledge at high positions to cash out, without any supervision.

7. False finances, spreading false information.

The cryptocurrency market is becoming a cancer stock, and neither Ann nor Coinbase can save it. This is caused by the combined force of the entire market after VCization.

Retail investors are on their own.