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?
Actually usually it happens because of stop losses and trades desires to protect their deposits, that see crashing price and try to save. Actually these falling knifes are opportunities to catch cheap prices.
There are several reasons and possibilities. even manipulation can also be the reason behind it. yeah cutlose can also be the reason when conditions deteriorate. of course they will sell it no matter the cheap price. but if the conditions are still good and they are actually dumping it. tis very possible they want to make manipulations so that the market has a low price