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Details: https://www.gate.com/announcements/article/47889
The market was regaining momentum and actually felt fun for once. But then a wave of low-quality projects flooded in with empty promises and poor execution. These cash-grab schemes, wrapped up as community initiatives, completely killed the vibe. Retail traders got burned, confidence evaporated. It's wild how a few bad actors can demolish what took months to build back up. That momentum shift hit hard.