This isn't looking like accumulation - it's looking like a dump that's being spread out over time, in bits and pieces, to slow down the spread of any panic until the end of the whale exit(s?) complete. Just looking at the chart, I'd conclude this was just another scam, if the devs hadn't been so professional and capable and the functionality pretty good and well demonstrated, and the launch seemed to be as smooth as they come, so what gives? I seriously considered the coin, but the chart just isn't looking very good... What's the deal here? POD might've helped.
It's far too early to be reading charts. There are two things going on. First, miners dump at the first sign of weakness. It is just who they are and there is no sense in trying to change human nature. Miners are a necessary evil, who couldn't care any less about whatever particular coin they are mining -- and that's if they even remember.
Secondly, a couple of the Twitter darlings poked their heads in very early on and said this was a quick profit. Their followers are not inclined to holding. It's immediate profit or see you later.
If these devs are for real (and I am not saying I doubt it) and they continue their work and progress, then this coin has a real shot at being a big winner. And two weeks from now, let alone two months or two years, the charts will look vastly different. I certainly do not know what or when the "bottom" will be, but looking for that answer by reading the charts this early in the game will not be of any help discovering it either.