The problem with waves is that the marketcap and the begining was already too big.
i actually think they are doing great as they are shaking the investors so those with weak hands are going to sell leaving the hardcore ones.
but why is having a huge marketcap during its start a problem?
It's only a problem for people who bought into the ICO (got free bounties) planning to cash out on day 1 with X3, X4 or X50 what they (other people) paid in the ICO