Why did it drop today? Who is the accomplice?

Waking up in the morning to a thriving market, things took a turn for the worse in the afternoon, especially around 7 PM when most people's accounts went from profit to loss. Those who are unaware might think there’s some bad news, but in reality, the news front is quite calm, even with the possibility of interest rate cuts being a positive factor. The technical indicators are clearer than ever, showing a steady trend of new highs. So why did we suddenly see a sharp decline in the afternoon? The reason is actually very simple: today Binance launched the VC coin 'vana' and another worthless coin's contract, which led to a massive influx of funds into the new coins. Many people sold their altcoins to buy the new coins, resulting in the drop. Binance has already launched over 20 new coins this month, with the craziest days seeing three or four launches in a single day. This has led to altcoins, which had just shown signs of rebound, turning back around and continuing to drop. The new coins launched have all, without exception, reached new highs upon launch, with the least dropping by 30%, and some have plummeted by 7-8 times, nearly reaching zero. It can be said that Binance has completely turned into a base for scam projects. Retail investors buying these tokens, except those shorting, are all losing money. The likes of 'move', which dropped 20% after launch, surged 50%, and then plummeted by 60%, are notorious for giving no breathing room to both longs and shorts. Today's 'vana' is also quite ruthless, with a total supply market cap already at 20 billion. Once this wave of bull runs past and the tokens continue to unlock, it’s expected to drop to at least 2 USD. I just don’t understand how desperately Binance needs money. Even if these new coins make money, it’s just killing the chicken to get the eggs, affecting their reputation and causing Bitcoin and other altcoins to drop. Binance holds more coins than anyone else in the market, and it’s not worth it to operate so unscrupulously for a bit of listing fees.