Pretty easy to see what's going on through the blockchain, looks like there is a lot of early coins (day 1 and 2) moving around in large amounts which are being dumped. My guess is we had a big early miner (not the devs, I have a theory which addresses are theirs and their coins haven't moved other than small amounts) that is now getting rid of things, not as much movement today though so it seems o be calming.  I bet these guys got worried when they saw that scammer from c-cex.

Anyway, everyone has had a chance to get in very cheaply so the distribution should be much better now since it, take it as a positive and let's recover the community.