Most likely what happens is someone range trading this bought...

Most likely what happens is someone range trading this bought 100k ish at 4 cents, then sold for a 10 to 15% profit. They saw it was struggling to get over mid 4's so they just sold it all.
They'll then look to buy in at 4 cents again.
You could've made a 50% return in 6 months doing that, this has a very predictable pattern and predictable patterns get traded.
The short term price action means nothing long term... Especially if top 20 or top 50 holders aren't in a rush selling.