Don't you realize that this price rise is justified by the results. You think it's going up because of day traders? It's people buying positions. You think Time magazine would tarnish their image by putting an invention in their magazine that is part of a pump and dump? That would make Time a part of the scam. Time did their DD to rank this in their top 25. That should be evidence enough that this is never going to .30 again. This product is going to hit mainstream barring some disaster. The writing is on the wall.
I believe many traders including myself are exiting for a nice gain and the rapid drop is causing some panic and a wall of sellers on level 2. FYI, my views is from a day trader perspective and our objectives may be different. Today, I am leaning towards the panic selling and others exiting with nice returns. Nothing to do if this will can or cannot get a nice bump down the road.