The fundamental reason for the sharp drop in the altcoin market is that the dealer only wants to sell the coins and does not care about the market at all.

At present, the sharp drop in the altcoin market is mainly because some dealers are only concerned with selling the coins in their hands quickly, regardless of whether the coin price will be affected. In the past, it was difficult to list coins, and the dealers needed to consider how to control the distribution of chips and market value, but now the situation is completely different-listing coins has become very simple, especially large exchanges are listing a large number of new coins every month (for example: USUAL, PENGU, CAT, VANA, etc.).

Today's dealer operation logic is very simple: after selling a project, quickly switch to the next project to continue to make money. Because of sufficient funds and abundant resources, listing coins is as easy as drinking water. However, the exchange does almost nothing about this. If the project party is forced to protect the market, many project parties dare not do so at all. Therefore, this irresponsible behavior has led to the instability and sharp drop in the altcoin market.