When they released the staking wallet and moved into PoSV rdd dropped 60%, so be sure to pay attention to the news, and be wary.
Oh really? I seem to remember the price going up 300% after the announcement that they were switching to PoSV...
Announcement and release are two different things.
The coin was already on a downward trend as you can see on your chart when the release occurred. The release of the coin didn't cause the fall, it was just unable to stop it! The release was already expected at that point so it didn't stop the people who were dumping the coin from continuing to dump it! We are now left with a solid group of investors and major dumping has ceased!
But the point of this coin is to tip, to be social, it is NOT a coin for investors to make money on. Even PoSV is suppose to prevent hording.