Recently, the cryptocurrency market has been turbulent, with tokens like OM and DEXE, seen as being heavily manipulated, also 'crashing' in the continuously declining market. From a peak price, they have plummeted nearly 90%, mirroring the dire situation of coins like WLD, BETA, TRUMP, and WIF.
Just think about it, how shrewd the project teams must be; if given a choice, they would surely choose to crash in a bull market, where profits from selling would far exceed those of the present. Retail investors, however, suffer greatly, losing 70% or even more of their real money. Therefore, when dealing with altcoins now, I set stop-loss prices, fearing being 'thrown off' by the market.
However, there are also highlights in the market. Recently, in the secondary market, the performance of SOL unexpectedly outpaced ETH, with new additions to the SOL ecosystem like orca and layer performing well, followed by the new coin PROMPT on OKEx. Although good coins are currently scarce, the emergence of a leading RFC with a market cap of over a hundred million in the primary market can liven things up for a few days. The current strategy is to follow the heat, avoid prolonged battles, maintain a good position, and hope for the market to warm up and for dawn to return.