The situation is certainly not ideal for us who follow what is happening in crypto. I am sure a lot of new small investors dont have any idea, how fast can things go south especially because way too much money goes to meme shitcoins and NTFs. For me, NTFs could be the new MtGox, there is just now way all that much content will keep the value in the future.
Something like this could happen. If you see now there is a lot of manipulation going on in NFT and a lot of them are on the scam track. indeed this is not all but most now NFT is like that.
This can't be blamed because they've been too hype in recent months, especially in the last 2 months.
I think this is very vulnerable if NFT continues like this