The price never passing 400 sat because I think somebody own a lot keep selling psb.
maybe somebody had a lot of coins staking monthly
well if i remember it correctly there's some early investors who got 100k psb and they are just staking it and they maybe selling what they already earned from staking since they also needed to have some btc in their pocket, or possible also those newcomers which is not familiar on how crypto works are in
panic selling right now.
I can not agree with the idea of the panic selling, with the btc price plumetting, even newcomers will consider holding their amount on alts than selling on btc and see their balance dropping by day