Today is the second day of the Shanzhai Festival, and there are more than a dozen coins with a drop of over 30% (some of which are due to being added to the observation list), and they can't all fit on one page!
$ACT is just a fuse for the decline of these junk Shanzhai coins, reflecting more the exhaustion of market liquidity, and the unscrupulous cashing out by market makers and project parties! The desperation of the retail investors leads them to cut their losses and exit, selling Shanzhai coins to exchange for USDT, with the holdings of USDT and other stablecoins on exchanges continuing to increase! More Shanzhai coins will enter a crash mode next! The number of delisted coins will also gradually increase, and the market capitalization of Shanzhai coins is becoming lower and lower!
