and whales accumulating.
some of the people here must be seriously new to crypto, expecting 2k,3k,4k daily floor rises. Crypto is volatile. Its a roller coaster ride. If you know the coin has true value, HODL it. If you want to panic sell, then go ahead and put it straight to my hand at these never-again cheap prices as Ive still got about 4.7 BTC I want to buy MIN with.
"oh no...why is my coin dropping? Shouldn't things only ever go up,up,up?!? time to panic sell now and buy back in at 3x the price later!" -crypto noobs
I'm still surprised when I see people complain about falling prices, right after a coin rises 2-3x or more in price. Either they have some bizarre notion that prices go up in a straight line forever, or are simply going the fud route, trying to incite panic. Of course some people will take profit at some point.
Coin pumps, some folks take profit, trolls/fud come out, price lowers a bit .... then assuming no weirdness and dev is active, coin rises again.