The fundamental reason for the sharp decline of altcoins is that the market makers only think about offloading their assets and do not care about the market at all.

Currently, the sharp decline in the altcoin market is mainly due to some market makers focusing solely on quickly selling the coins they hold, completely ignoring the impact on coin prices. In the past, launching a coin was quite difficult; market makers had to consider how to control chip distribution and market capitalization. However, the situation is completely different now—launching a coin has become very easy, especially since major exchanges are listing a large number of new coins every month (e.g., USUAL, PENGU, CAT, VANA, etc.).

The operational logic of today's market makers is very simple: once they finish selling one project, they quickly switch to the next project to continue raising funds. With abundant capital and rich resources, launching coins is as easy as drinking water. Exchanges hardly take any action in this regard; if they force project teams to stabilize the market, many project teams simply do not dare to do so. Therefore, this irresponsible behavior has led to instability and sharp declines in the altcoin market.