Why did Chiliz drop?

Could you please elaborate on the reasons behind the recent decline in the value of Chiliz? I'm particularly interested in understanding the market forces and factors that might have contributed to this drop. Is it related to broader cryptocurrency market trends, or are there specific issues pertaining to Chiliz itself? Additionally, how does this decline impact the long-term prospects of the project and its utility in the crypto space? Would you recommend investors to hold or sell their Chiliz tokens at this point? Thank you for your insights.