WHY ARE ALL THESE LOW FLOAT / HIGH FDV COINS DOWN BAD?

Summary from the TLDR Crypto newsletter

This thread scrutinizes the significant downturn of "low float, high FDV" cryptocurrencies listed on Binance, debunking prevalent theories about market manipulation by VCs or shifts in retail investor interest towards meme coins. None of the popular narratives convincingly explain the broad price declines. A combination of factors in a complex market environment, rather than a single culprit, is responsible for the observed trends. Free markets will eventually adjust these mispricings on their own.