It's a premined scamcoin and people are starting to figure it out. 4.5% premine, a dev with zero reputation  pre-silkcoin, potential links to multiple previous scams, people realizing the code base is extremely outdated for a new coin. Basically everyone is starting to realize it's just another hyped up Yellowcoin or Whitecoin. It will just keep getting dumped down to nothing. Nothing left to create a rise in value.