Somebody who bought 80 BTC worth is selling to bring the price lower so he can buy more at cheaper price and then pump it. It's more profitable that way. If you are interested in the coin and the project why worry about short term goal?
If you sell lower than ICO price that whale will buy it and then you're going to complain about how you lost money when it's really your fault. Don't sell before this project is completed.
This is correct, everyone remember, there are guys out there that really want cheap coins. They know that there is markets and a plan to peg the coin they will try to do what it takes. Dont be surprised how competitive this gets.
The point of a peg is to eliminate volatility and restore ECONOMY. That is the goal. So these next few months will be a lot of fun trading. Keep your hands strong. The goal is to make the price irrelevant. Clever traders will know that and act accordingly.