@dana-edwards
It's doing exactly what it was designed to do.
If you believe the long term price of steem is up then you hold sp.
If you believe the long term price of steem is down then you hold SBD or you power down and sell.
If whales weren't selling, then I'd be concerned. These guys really do need to be powering down and taking today's price so the price of steem is depressed enough that people in this for megabucks just go away and those of us who are here to build something can finally have a voice.