Even with all digging (from this large digger) completed the amount of new coins doesn't justify such a low price.
I can imagine the price being about half of it's peak. But an 80 percent drop is silly.
Not to mention the BTC price is causing sells on top of everything.
Seems like CLAMs is due for a bounce from this bottom.
Nothing justifies 20-30% drop per day. No sane investor s gonna sell that way. Unless he wants to intentionally drive the price down or destroy the coin. Since he hold a lot of it I highly doubt he wants to destroy it. So, either he s insane or he s got a plan.
Well there is always the possibility the whales an idiot and doesn't realize that this strategy is a mistake, and to much dumping is counter-intuitive.
As much as CLAM supporters might be convinced otherwise, it is not clear that the strategy is a mistake. He may simply believe that CLAM has no future and he just wants to get as much value out as quickly as possible before it fails.
Maybe right, maybe wrong, but you can't take as a given that he's an idiot, his strategy is all wrong, and dumping is all a mistake.