As a natural deal in the market, sellers always want to sell high and buyers always want to buy low. But the reverse seem the case with those sellers who dump their Crypto coin or tokens for some very low and ridiculous price. Thus that's not a natural market deal. What really is the reason why people dump? Have they got enough crypto gains that they need no profits no more?
People react to every fud by panicking and dumping afterwards. It's like a routine now. Every seller wants to sell lower than the first ask. I think It's mainly because of the bearish market trend. Another attribute to this is the use of bot to manipulate prices. The bot just sets lower asks to make the price go even lower. Coz a sane trader won't dump at loss except there's bad news or fud.