I believe that the current drop in prices will only benefit the market in the long term. The hype of last year only attracted a huge number of scammers and brought turmoil to the market. I think after this year the situation will stabilize.
This is not basically all about scammers, even though we could say they may be responsible for some of the dump in the market, but that huge correction was inevitable and nothing we could have avoided.
A lot of people did not see reasons last year when the market was soaring very high, puncturing skies, with nothing driving it than speculation, but as long as we are making profit, people tend to forget the implications for those who bought into FOMO which is what we are having now and whales are usually the ones who instigates these movements.