If it's untrue then how all are in free fall?
No distinction of currency coins, privacy coins, tokens, blockchains, protocols, utilities etc.
All are falling.
I also think so, but at least with the price that keeps falling like this we can see how people respond to this. some holders complain, but not a few who still support crypto, maybe even to a certain extent. security and price fluctuations here now play an important role so that crypto can survive