So many big events and holidays are approaching, which forces investors to dump some of their assets, this money is to prepare for a change and start for a more wonderful new year, and as we all see, from our bitcoin locomotive to the altcoin, all have been bled, the IEO of the major exchanges is no exception. In addition, binance's IEO is no longer providing returns as it was at the start, a lot of data shows the weakening of IEO and investors may be tired of this plan, only very few investors continue, they usually sell as soon as they have a little profit, others who do not keep up will fall into the situation of dumping
They are just speculators, not real investors, so when the market gets gloomy or slumps, they become scared and sell things even at a loss.
After all, they are greedy people because of the promise of IEO referrals. Without knowledge, without clear goals, failure will inevitably occur.