Exactly! It is very normal to have a correction after +500% run up.
It was a pump and dump. It's too bad you can't see that. Much of this kind of thing is happening on a regular basis with altcoins. You can see it here:
https://coinmarketcap.com/gainers-losers/Unfortunately, the cypto market is highly manipulated and controlled by whales and Wallstreet thugs. Hopefully, this will change in the near future.
Agree with you, but this project is not built around hype and yes it's obvious that it was manipulated to a very high price.
But, if tomorrow everything will start to rally like it happens once n period, then I'm very well positioned to catch the ride, like I did in the last few rides

PS: I really recommend to switch your scale in coinmarketcap from Linear Scale to Log Scale to see .