Read my post a few posts ago. Coin Market Cap website shows a worldwide average for the coin price. They have removed the Korean exchanges from that average and market cap.
The Koreans were trading every coin at a premium. I’m talking like 4.50 for Rippl for instance. These outliers made the average price seem like 3.15 ish.
Once they removed the Koreans prices from the average it looked like the coins prices dropped. When really the average being displayed just changed.
So long story short NOTHING changed on market cap or price. They just displayed a lower number for the average then before.
Joe Schmoe logs on check coin market cap. It looks like the coins down .50 cents. Even though it’s not Logs into Binance and panic sells cause they think something major happened and they don’t wanna be too late.
If everyone had googled why the average price suddenly went down on every coin on the site they would’ve realized that no prices actually changed. Instead there’s a ldnslide on a lot of coins created from sheer ignorance.