They have stated they are working on adding Anon features, according to their website zerocoin implementation is about 70% done.

I second that.  Definitely a good idea...

I second that.  Definitely a good idea...

Could someone please explain to me this strange dynamic that is taking place in the market.

To be clear, Mintpal is locked up on SC trades tighter than a gnats ass stretched over a rain barrel

Seems like people don't know what to do.
I was hoping price drops a little bit again before tomorrow.

I suspect when it starts moving it will move fast.

New wallet comes out as advertised: price jumps back to over 6000sats. (Spike to 7000sats and then drops back.)
Delayed or no new wallet: panic and selling, drops to 1000sats.
New wallet and whitepaper after initial fear and delay: price back to 4000sats.

Hard to know what to do. I guess it all depends on if you trust the dev team.

I think the effect of the wallet update will be more than just a small influx. It will re-affirm the fact that devs are sticking to their advertised plans, which means the white-paper etc happening is more likely as well. Silkcoin still undervalued at the moment and the effect of the spike with the POW, mintpal etc has scared people for the moment (looks too pumpy-dumpy) and then fudtrolling started. Investors are looking for a reason NOT to invest at the moment.

If I was part of dev team I would advocate that they do things exactly as it is happening at the moment: slow and steady and keeping to deadlines.