ok people are dumping now hahah. im holding this one though, after all it's free
It wasn't
people dumping it was one trader, he was selling regular small amounts a lot below the bid to drive the price down, he was also coordinating it with spreading FUD on the eBTC Telegram channel.
While volume is small and on one exchange, you gotta wise up to this stuff guys, people like that are taking your coins if you're dumb enough to panic.
Soon we will be on exchanges and it will be less of a problem and much harder for 1 wealthy trader to manipulate the price.