The seller is a whale, no question about it. Kinda dangerous to hold a coin that is held by some whales who can move the markets with their moods and emotions. 
Absolutely true. Perhaps the most important thing you have said in your entire BTCTalk history. This coin is not suitable to be introduced to any new people through word of mouth or even pointing to any articles or other literature.
This coin is in all the wrong hands you can imagine. Even Darkcoin/Dash is built with a lot of solid hands giving it value.
This is why we need zcash. Just like we need Ethereum, not just for technology but for value and respecting value of an asset.
Seriously Monero has gone up over 400% in a period of 2.5 months and one can reach the above conclusion over a 25% correction? The reality is that a correction is in many cases healthy for the longevity of a bull market. This applies to any asset not just crypto currencies.
Maybe what the market is looking for here is for more bears to get deeper into margin in order to set up a good short squeeze. As I have indicated before a short squeeze involving crypto currencies can get real ugly real fast, which is why taking delivery and sitting back and watching this unravel is my preferred course of action.
Edit: I have said this before and will say it again. The most effective way to squeeze the shorts to the wall is to take delivery and wait.