I think its because of so many hackers and scammer so thats why the market fall down and the investors sell their tokens immediately.
Hackers and scammers do not have any part to play in the downtrend equation of the market. The market was bound to experience this fate anyway after the unnecessary spike in price and an organized manipulated pump that got so many gullible new investors FOMOing.
That to me seems more like major factors that caused the downtrend and every other thing such as news, some shitty developments, are just some additional fuel to the fire that was already burning.