I read something about a recent FUD campaign regarding the token distribution. Very few are in circulation currently, and something is about to happen in August (maybe tokens get unlocked or something - I forgot). That may have something to do with it.
And of course, all the alts are kind of going down right now
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Yea, it looks like early investors got ELA for pennies on the dollar. I think people are afraid they are going to dump once they receive their ELA. I think 66% have been distributed so far to early investors.