Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
If you mean the downward trend in altcoin prices, I think the trend started a few months ago and also the decline in bitcoin and altcoin prices due to china and some other countries banning cryptocurrencies. but rest assured the drop in altcoin prices is a common occurrence in the crypto market. Coins that have strong fundamentals and real utility will survive and have great potential in the future.