There is no rational reason for this dump.
Price is going down since september the 13th (Blockmarket 1.0 release)
Maybe one or more whales who expected a big pump after this release, which did not come, and now they are selling everything. Just my thought as its really hard to understand what happened...
Hopefully the whale(s) sold everything now and we won't see no more daily 10% drop or more...
Price should be more steady now but it will take time to recover...
Whales usually sell off on the high, and then use the remaining coins to dump the price. It's all about price manipulation. I think the dump is not over yet and we will see the price falling a lot more. And then one day... boom! and x10.
Dump might be not over but i'm not sure price will fall a lot more.
I agree with your point of view about whales, but i did not remember big whales playing with Syscoin...It's not really a pump & dump coin...
But this time the volumes, to make the price down, were really impressive !!! Especially this big drop on Polo, more than 125 Btc its huge for Syscoin !