What do you think is going on ? The house of cards is collapsing. This is what happens to pretty much any high POS coin, always has and will happen. With high POS its a competition on who manages to hold on to their bag the longest before they drop it but to be successful you need to be one of the first ones out.
You're right it has nothing to do with Christmas coming and BTC mooning lol. The coin is still in its second month, calm down with the hate, market cap has not gone down at all
You got me all wrong, i do not hate on the coin, why would i. It has made a good profit already
Im just saying all high POS coins suffer from the same problem. Lack of investors combined with a huge inflation only leads to one thing (Has been proven in so many altcoins).