It's fairly obvious what is happening with trading of this coin. There isn't any dumping happening.

Due to the volatility in (low) price, it's very feasible to quickly increase your holdings by relatively high percentages. Think of it this way: if you sell at 5 and buy back at 4, you pick up an additional 20% worth of coin. It's not about making money on trades ATM with this coin, it's about taking advantage of volatility to increase holdings. The lower the value, the higher the return. How else would anyone explain 5+ BTC orders on both sides? It's the reason Mintpal is so popular as an exchange. With high trade volume there is extremely high volatility, and those that pay enough attention can pick up small amounts of money all day long by hedging themselves and staring at the screen for changes.

Trades between 4 and 3 pick up an 33% increase, etc. The value will not increase as it is extremely profitable to trade on these low numbers. We need to do something drastic to pull the coin out of single digits.