what a panic seel on yobit?
I don't care. still holding my coins
I don't think it was a panic sell -- my hypothesis is it's a determined dumper. For instance, someone had pockets deep with CROC to put in sell orders totalling 14,000 CROC (a couple days ago on Cryptohub) or maybe 8000 or so on Yobit over the last several hours. Looking at the richlist (
https://croc.blockstats.pw/richlist ) there are 42 wallets with 10,000 CROC or more currently (I own several of these BTW as I don't concentrate my addresses). Selling in volumes like these isn't sustainable in the long run (especially after more support bids are put in, there is more mining, and there is more staking by people who are in this for the long-term viability).
It's worth looking at the motivation of the seller (assuming they're rational or motivated by enlightened self-interest
https://en.wikipedia.org/wiki/Enlightened_self-interest)... They had to either buy, stake, or mine those CROC earlier. If they bought them at a lower price maybe he or she just traded for a higher price.
I think it's more likely, however, that if someone is striving to push the price low by taking out support bids -- he or she is looking to accumulate more at a cheaper price or wants to discourage miners or stakers (so that, again, they can ultimately own a greater proportion of CROC themselves). I expect to benefit by accumulating more as a direct consequence of those actions (but I also see the importance of letting others accumulate and plan on spreading the word re this coin more widely in an ambassador-type role in my personal/offline-life too -- the Android app is a good resource to use [have someone download the app, gift them some CROC and now they're incentivized too]).
