Altcoin Avalanche: Is it the big players dumping or the market makers' tricks?

Last night, ACT suddenly plummeted, and DEXE, TST followed suit with a complete collapse. In contrast, mainstream coins like Bitcoin and Ethereum managed to hold their ground. A certain exchange's report cleanly distanced itself: it’s all the big players selling that caused the trouble, and it has nothing to do with our harmonious mechanism, but upon closer inspection, this explanation feels a bit off.

First of all, why are all the plummeting altcoins Chinese projects? Names like MASK have a background that those in the know are well aware of. Secondly, a million USD crashing through eighty million in harmony—this leverage is more thrilling than a roller coaster; do they really think retail investors are an infinite ammunition supply? Finally, the market makers' trick of dumping to harvest retail investors is no different from what those Wall Street traders used to do back in the day.

Ultimately, the food chain in the crypto circle is too cruel. Big funds eat small institutions, small institutions eat retail investors, and retail investors foolishly catch falling knives. Those Chinese projects, despite their grand claims, are more ruthless when it comes to harvesting than anyone else. I advise everyone to steer clear of altcoins valued over a hundred million; secure your profits as soon as you can.