any big buy support will get crushed from 300sat bagholders, i dont blame them, i would do the same
But you know at some point, all coins from those bagholders will be sold out and then nothing will stop the price.
The price will stop that person or group which is moving NAV trades. Many traders earn with spread trading, so they don't care about max price.
Btw, NAV reached some strange roof before announcement.