A recent wave of volatility is striking the cryptocurrency market, with several altcoins experiencing sharp price drops on major exchanges. One prominent example is LUCE (LUCE), which witnessed a staggering 70% decline within minutes after its listing on platforms like Bybit, MEXC, and Kucoin. This sudden drop coincided with the addition of new projects to exchanges. Further investigation suggests that a large institutional investor may have triggered significant sell-offs affecting several memecoins listed on the same platform, including MANEKI, JELLYJELLY, and AIDOGE. While the cause for this downturn remains unclear, analysts are currently seeking further clarity.