Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?
There are lot of factors affecting the price drop or pump. Mostly the reason why a tokens/coins are being dumped is because bounty hunters started selling their token rewards once they already that it is listed on crypto exchange/s. In the case of old coins, there are rumors that sometimes the market itself is the who manipulates the prices.