Whales are dumping it back to ICO price I think maybe. Its now 7,5 cents but ico price was 5 cents.
whats the reason for that?
To force weak hands to sell at loss. Once the price is dumped to zero, they can quickly buy it back cheap. Its the game they play to get big profits.
The dump might continue until ico price. Maybe bit under that. The price goes down steadily now.
Edit:
Seems like the price is stuck above 1200 satoshi. What a shitty dump. They should try harder if they are for real.
The whales have a great influence on cryptos ,they can move anything. I hope it doesn't continue for long.....many with no experience may dump too if they get too scared