You can blame the price fall on the whales, Pump n dumpers, fake walls...etc, but the truth of the matter is that Iconomi devs are the ones to blame for hiding the legal issues during the ICO to solicit as much funding as possible from US investors who will now be left hanging since they won't be able to use the platform, nor they can ever dream to see ICN on Poloniex or Bittrex since ICN is classified as "Security" by US SEC: https://coincenter.org/entry/is-your-cryptotoken-a-security-this-new-tool-will-help-you-find-out
Unfortunately things will only get worse when the platform launches this Q1 with only ICNX/BTC trading, and no OFM platform in sight until Q4 2017 or even 2018. ICN price will most likely drop below 0.0001 before the OFM platform (a.k.a. Digital Asset Arrays) is ever released.