What you're referring to are market forces that are beyond our control. I could explain each bump on that chart but there was never a deliberate attempt to create a pump and dump here. Quite contrary we have actively supported price regulation through placing sell orders to prevent pumping trend. Pumps are bad they spoil our commitment to organic growth in value and price stability.

Reduction in coin output will not translate into immediate sharp rise in price per coin. This has been proven in the past with previous PoW reward reduction. It will take a while for the market to adjust to the new reality.