Some fool dumps 97K in MEC, price recovers with 5K of buys. Nice resilience.
need more dumpers to sell me their MEC.
One of my friends cashed in the majority of his scrypt coins (Megacoin and CGB), and bought a Bitcoin miner.

He cashed in the rest of his coins for Bitcoin. I have many years of investing experience, and I believe this was the worst possible time. In my opinion Bitcoin is near the high of a cycle, and the coins he sold were near the low of a cycle. There are a lot of short term thinkers in this game... I would bet it will be quite a while until Bitcoin doubles again. On the other hand, I'm confident we will see Megacoin at many times it's current value soon.