When people in the crypto space don't invest in it ( a lot of the investors have a tech back ground that understand how software development works) it shows they don't believe in Reggie tech skills. If outside investor were going heavy into it Tim Draper would be the first to jump in. I don't see any article on him investing in it or articles on outside investors. Show me an article of rich billionaires investing in veritaseum. Until then no proof. But this is an article explaining why people are dumping it or not interested in it. Lots of red flags. https://medium.com/@EthereumRussian/veritaseum-is-a-scam-c6e05fb1e4eb

So to your question on why its tanking. That article pretty much sums it up.I saw the website it was huge red flag for me. Thats what I always pay attention to is the first thing the website and the people behind it. Does the person running it have skills in software development and do they have a passion for that industry. If not its not something I am interested in. A good example is ethereum. It has huge community huge team and Vitalik tech saavy eat, breaths, sleeps ethereum. Reggie I don't think is tech saavy type and Crypto space is who different demon then the stock market.