This coins top dollar, just the beginning, whales dumping for profit this will happen all the way up, this coin will prevail top of the block chain, Buy and Hold never Fold to whales. You are witnessing a Legacy in Crypto.
Some people think, that this is just a "Hype-Coin". Means: Great promises and great PR, but not more. And: There is a whale group in it and many ppl know that. So they dump first. I doubt, this Dump came from the Whale-Group. They have probably much more.
My own opinion: The promises are very interesting and maybe the Devs will deliver. But first, I want to see the first steps.