Have you ever asked yourself this same question each time you panic sell during a bear market like this ? who are those buying? why are they buying? what will they use if for ? these are the questions i do ask myself and it helped me hodl some of my token and later made some profit from them .
For sure, people who have the money will buy in every time the panic sell happen, and they can buy as much as they want because they never see a low price again in the future. They were buying coins because they believe that coins can be one of the profitable coins in the future and they will make sure to get that coin right now. I think they didn't do anything after they can get the coins and only hold in their wallet until the price will increase later. You have a good decision to hold some of your tokens because if you sell right now, your profit will not be bigger, but it's only for a project that can bigger for a long time.