I am not very surprised about this development. It is similar to the Ethereum development after the release. Wait a couple of weeks then the price found the buttom because everyone who wanted to make quick gain has sold and mostly serious investors remain. Keep in mind the the market cap of Ethereum was a couple of month around 50 million and even below sometimes. Then it started its way to the 1 billion mark.
Price down to $0,33. Looks like more and more weak hands are bailing. Not a bad decision if you've bought under the current price or invested in the ICO, but not a brilliant one either considering the roadmap ahead. Conference tomorrow in Berlin might further construct the foundation for a successfull and widely adopted Lisk ... !