Today, the copycats are collectively diving, and the big players are smashing the market.
Reason: SEC lists several large-cap currencies as securities and plans to require exchanges to delist them.
Among them, matic, sol, fil, etc. were the first to plummet.
The Maharaja personally believes that the plunge was caused by large investors seeking to avoid risks.
If exchanges are required to delist large-cap currencies, exchanges cannot afford to delist sec, which will lead to a reduction in the liquidity of these coins and nowhere to sell them. Large investors are not as good as retail investors like us, who focus on risk aversion and are the first to sell.
Personally, I think this wave of dishwashing is not over yet.
It really reminds me of the Huawei Meng Wanzhou incident, but Meng Wanzhou is a Chinese national
