Theres a coin I've been watching lately thats been doing well. Not naming names because it's pretty irrrelevant and I've no interest in bringing it any attention.

For a month or so the price has held steady at lets use .004 BTC as an example. Up some, down some, but overall hanging out at about .004 BTC.

Now this coin had a very large premine that was to be used to fund some other feature of the coin. All seemed pretty legit.

But a few days ago, the known premine address started taking massive withdrawals, and exchanges started seeing massive sales and volume skyrocketed.

Then I noticed a trend starting. EVERY time the price would stabilize, huge sell orders would appear at about 10% LOWER than the going rate. For example, the SELL column would look like:
.004001  42.82764
.004050  12.1298367
.004059  67.23645872
.004060  23.89237

And then this order would appear:
.003600  2589.23947
.004001  42.82764
.004050  12.1298367
.004059  67.23645872
.004060  23.89237

A very large price BELOW the lowest sell price, and a massive amount of it.

And they'd pretty quickly get snapped up, there was obvious buy interest in the coin. And no, I dont believe it was the dev also re-buying the coin, too much chatter in text rooms and too much volume to be that coordinated.

And after the price went down... a few hours later as the price started to recover...
.003620  42.82764
.003621  12.1298367
.003645  67.23645872
.003650  23.89237

Again, a huge 10% drop below the going rate would appear...
.003200  3100.00
.003620  42.82764
.003621  12.1298367
.003645  67.23645872
.003650  23.89237

Over and over this has happened over the course of about 3 days. The price is now about 25% what it was 3 days ago.

My question to the community in general: Can anyone think of a good reason for a dev to INTENTIONALLY drive the price down. Lots of chatter in chat rooms about the dev dumping the premine - thats no doubt. But from what I've noticed on orderbooks and examining API data, only about 25% of the premine has been dumped like this. If a dev is dumping the premine, if it were ME doing it, I'd do it carefully. Over time. And making sure I'm selling a lot more than 25% of it. So I'm not destroying the price in the process. Or if I were in a hurry, I surely wouldnt post the sales at 10% below the going rate... go a little under, to keep the coin from devaluing so quickly.

There was no large pump that was then dumped on - the price was stable for weeks.

Why would a coin dev intentionally DEVALUE the coin? Thoughts? Conspiracy theories?