No. There should be no reason to panic. Its usual of cryptocurrency to rise and fall and probably stabilize in their prices. Never panic. Be strong and believe in cryptocurrency.
I disagree, have you seen how much bitcoin and all the market in general has crashed? While I agree that panicking is not the right thing to do, to say that there was not a reason to panic is a mistake as well, if the stock market crashed 5% today people all around the world will be panicking and when we see such a massive crash it is reasonable to think that many people panicked because of it.