Regardless of your explanation,I don't think this can be called shitcoin.  So can you say Bitcoin is a shitcoin too since from 2017 it goes down in value after peaking to 20k USD.  Lots of whales and pioneers dumped their Bitcoin to gain profit.  Ethereum too lost 90% pf its value.  And almost all cryptocurrency do lost their value.  The only thing that separate  good coin from shitcoin is its real life products and  use case.  If you omit that as deciding factor to be a good coin then all in cryptocurrency industry is shitcoin.