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?
Fear is one thing that usually makes people to change their decisions by cutting the loss or dump their coins/tokens. Afraid that the price will actually go down even deeper if they keep holding it is normal. Emotions can change everything including plans that have been carefully made.
Fear of the unknown is actually one major factor. However, the main factor I will like to point out is ignorance. Some are just so into the ideology of getting rich fast that they forget to understand that life is never fashioned that way and only if they could realize this before they will be able to attune themselves to the mindset of being patient for it.
All they are after is just getting out as long as they are able to get something out of it even at loss, and forgetting this will always be a strategy for them to get thrown out of the market as a weak hand eventually.