People are just too much emotionally attached to a coin. There are hundreds of coins right there, it's time to move on and be more careful!!!..
Yes that is one factor but a lot of people got in @200+ sats and thought the dev would continue working on the project but it seems that nothing is happening here now and by that time the price started to fall so I guess people are hoping that the dev comes back and starts working on the coin again in hope that the price gets back to where it was so they can break even. I'm not sure what is going on with the dev but he should at least come here and update everyone on what is going on.