Looks to me like people are just being bearish, for noble, no one who isn't just mining to instantly switch to btc is selling, but I think those of us who have been trying to hold the coin up have either run out of liquid btc or amongst all this panic tried to at least cash out enough to pay some bills covering our asses for the very worst.

This is mainly because of Mt.Gox, we can thank them for all of these problems. Outside and new investor faith in crypto has been dealt a sever blow and all coins are going to feel the repercussions, all we can do is hold on to our life rafts and hope we don't freeze to death before the sun comes out.