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.
As I said earlier you can't assume that everything that happens on Polo is one whale digger dumping. There are most certainly other people trading. People who think that it's going to drop (either due to the digger or for whatever other reason, possibly self-fulfilling) will want to get out and drive it down if there aren't a lot of buyers. That may have nothing to do with digging at all. No way to tell.