Why did KCS drop?

Ladies and gentlemen of the cryptocurrency community, could anyone please offer a comprehensive analysis of the recent drop in the value of KuCoin Shares, commonly known as KCS? The market has been volatile as usual, but the sharp decline in KCS's price has caught many investors by surprise. What are the underlying factors driving this downtrend? Is it due to market sentiment, fundamental issues within the KuCoin platform, or perhaps some other external force? Any insights or explanations would be greatly appreciated in understanding this significant market movement.