It smells like a massive exit scam.
Either the token failed spectacularly, or a whale managed to dump their entire supply.
Apparently it's the latter, 5 Billion FDV just being swept like that and the founder keep talking nonsense without proper explanation which is why current price just keep dumping and dumping.
People are literally cutting their lose right now despite 90% lose which happens under half an hour so they don't get a chance to save their money.
I'm expecting this coin to dump more maybe coming back to its price in 2021.