That doesn't say anything... people can have multiple accounts on Trex, split the coins over.

1. Why are people selling after they saw the mobile staking functionality?  Is it because nobody cares or is it because one of the person that instamine the coin in the beginning just dumped everything? Why would people pay more then the price that they paid to mine a coin? Only a few days of mining, so the cost price cannot be high. The only way a coin can go up is either having a pump group on your coin, or you really deliver something for the outside world. Mobile staking can maybe sound cool, and nice, but honestly who cares.... people want to buy bread with a coin , want to buy beer with it, pizza, etc.

Edit: i will buy a few when it is around 1000sats, looks like a good trading coin at those levels.