1. **Coinbase Announcement:** The news that Coinbase was going to delist WBTC led to a sudden drop in its price by around 5,000 USDT. Such news can cause panic selling, especially for coins that are not widely traded or have a low market cap.
2. **Low Trading Volume & Dominance Risk:** Coins with low trading volume are more susceptible to volatility, as fewer market participants can lead to larger price fluctuations. Additionally, if a few entities or individuals hold a significant portion of the coin’s supply, their actions (like selling or delisting) can drastically impact the coin's value.
3. **Invest Wisely:** The main takeaway is to be cautious when investing in assets that don't have a wide user base or strong liquidity. It's important to research coins with healthy trading volumes and diverse holdings to minimize the risk of drastic price drops.