They are a lot of aspect that we need to consider in this scenario. One of them is doing bounty campaign. Most of them the reason for joining is to earn stakes and to exchange for income. These depend on the strategy of the holder. It is not panic selling but natural way of holder for financial needs.
Yes, for this the only way possible is to accept reality and keep going. When I start with crypto and I'm inexperienced, I will feel frustrated when the market turns red or when the token will be sold lower than the ICO price. But now I get things that are not desirable will just happen.