People just don't care. Some of them are going to every single IPO to claim free stakes, then sell them for a dollar or so and move on to the next one. This is a huge issue with the freely distributed coins.
I just find that a completely idiotic mindset. I mean, if a dev abandoned a coin, or if the coin was clearly worthless, then I guess selling a cheap freebie is no big deal. But this coin is already on a real exchange, making moves for larger exchanges... it's stupid to sell at current prices.
It's not like it has languished on allcrypt for 4 months and people are just taking what they can. I wish people would use common sense. That free dollar now could be $100+ several weeks from now. I guess a coin needs a bit of turnover anyway though... weak hands and all that...
Well, look at the bright side. If you believe in a coin and people are dumping it, you can buy in cheap and make MASSIVE profits from it. Let people do what they want; just capitalize on it,
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That's how the distribution goes. Most impatient people sell to next ones and they sell on a little higher prize.... and finally those who had the most patient will get highest reward, just like with BTC, LTC ... Do i need to continue the list ?
It does happen with every coin. People are always going to dump as soon as possible. Support just brings the price back up afterwards.