Is the market full of contradictions?

Last night, altcoins like Luce, JELLYJELLY, AIDOGE, and MANEKI collapsed one after another, with funds rapidly withdrawing from the meme coin market.

Every day, new meme coins are being launched, with discussion heat clearly surpassing that of old coins. Even the Binance wallet IDO has begun to favor undervalued new projects, aligning with market expectations, and the market trend seems to be shifting towards 'speculating on new coins rather than old ones'.

After multiple rounds of large-scale sell-offs in altcoins, more and more people will choose to cut their losses and exit. For the remaining stablecoins that haven't collapsed, considering the liquidity may not support trading turnover, they might also choose to sell off and retreat early.

The overall market shows a high degree of divergence: Bitcoin remains at a high level, even showing signs of a rebound; on the other hand, altcoins and VC coins are continuously being revalued downwards, and meme coins may be on the brink of collapse.