The market's valuation of the project is being reshaped.

Starting with the recent BSC chain, the iron-clad BSC, the flowing Long Yi, TST to White Cloth, with a peak market value of 500 million USD, to the current White Cloth at 40 million.
Launched 4 MEMEs in one go, with a cliff-like drop.
Then Xiao An adjusted the leverage announcement, resulting in a drop of more than 50%.
The two newly launched projects, despite having a very low circulating market value, still got halved, and then their ankles were chopped off.
It is clear that Xiao An no longer has brand premium, or rather, there is no excess capital in the market to play with altcoins, retail investors have no money, and the capital market is lukewarm.
Liquidity is exhausted, projects that only come up with a few B, even dogs shake their heads at.
The funds in the global market are all racing to see who can run faster, U.S. stocks, cryptocurrency, and the A-shares.
have all fallen into a situation where liquidity is gradually decreasing, and even a slight disturbance can trigger a major collapse.
At this time, it's better not to look for more, just protect your life and capital, and don't try to guess the bottom. Who would have thought that Xiao An's LPL would see a market cap of 40M in just a few days? The MEME that was previously listed had a market cap of 10B, and now it's 1B, with no one wanting even 40M.
The only constant is the world; the valuation of assets, people, and projects is always changing.
As market liquidity decreases, the assets in the market are also reassessed in terms of their psychological valuation, lowering expectations.