They've said the total supply will reach ~60M
so thats not really a surprise..
60M in 10 years is low compared to others (SALT has double the total supply) and when the circulated coins are quickly increasing at the start it means that the maximum supply is significantly reduced (due to the algorithm in mining over time)
Smart Genesis holders will keep their batched for a while and the ones that bring it to the exchange right now will regret it later on since it will be worth a tenfold of its value in due time.
Besides, when the demand is as steady as it has been over the last week(s) the new coins won't have that much inflating effect only when there is some kind of organised dumping which is highly unlikely.
After a while the urgency for a quick buck will be replaced by the sense that holding has a much better financial perspective
you right. but you forgot many folks got it for free, and some of them don't really care about the project, they just want to maximize their benefit in the short term and sell it. I think it will stable in the near future, thats a part of the distribution.