It's not 44 millions, but 99 millions, read this post https://medium.com/@crypterium_io/crypterium-news-all-tokens-have-been-issued-3cbc0badd159  Many initial ico investors haven't recieved tokens yet, they were pre-mined to a special Crypterium wallet and will be distributed from this wallet. I'm sure price will be even more down when everyone will get them and also when bounty will be paid.