I assume people are selling to buy into POT
There've been countless other pumps since XEM's peak. I think this is simply the final deflation from XEM's pump and dump. It'll have a nice rest and then head back into action next year maybe.
Yes, we were one of the first to get pumped, then along came a huge pump for STEEM, DASH and Monero.
I still trust NEM, people are just panic selling.
Its just an unfortunate fact that in crypto, you have to face pump and dumps with any coin.
Weak hands will always be shaken out.
People will be burnt when they panic sell, if you are not in here for the long term, then this is not for you.