The cryptocurrency market is facing a significant confidence crisis as even top-tier altcoins are experiencing sudden and severe price drops. Cosmos (ATOM) recently plummeted from $4 to $0.01 within minutes, erasing billions in value, as highlighted by a widely circulated tweet from CryptoReviewing. This dramatic decline underscores a shift in market sentiment, where holding quality altcoins is no longer seen as a safe strategy. The current market environment is marked by increased vulnerability of large-cap projects and underperformance of low-cap tokens. This has led to a growing distrust among investors, fueled by concerns over market manipulation and a lack of transparency. The erosion of trust is prompting a reevaluation of investment strategies in the crypto space.