Steemit founders cashing out big time, they have been crashing the price from 5$ to 0.8$ and they are gonna keep crashing it to pennies until there are no more investors to milk from.
https://steemit.com/steemit/@magnebit/steem-price-is-being-pushed-down-by-1-person-speculation-on-why-and-where-it-may-end-up

WOW and guess what? That post just got downvoted by dantheman it went from $900 to $300 lol