That's already an old news and the steemit is already making a recovery for this...
It is an old news, but STEEM was dumped right after the hack. The dump started in July 15 (the date I created this thread) and lasted until July 19, when there was a new pump. In July 19 the price and market cap of STEEM was at its peak and it is in decline ever since. See what I mean:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FORjOPw9.png&t=663&c=G2YYsB4GUxgPzQ)
STEEM have lost about 400% of its value in ~50 days.
yes you are right.