Right now EVERYTHING is way down. And although Steemit is one giant balls up at the moment, it just seems to be following Bitcoin. Which is manipulated up and down.
Some of what has happened recently like hardfuck 20 and Ned's announcements may just be total incompetence - or they may part of a deliberate plan to bring Steemit to it's knees. And then buy it cheap.
I have no idea, but why would one of the original people who set it up have a full on flagging war for the whole of November and then stop on the last day of the month? There is so much weird shit going on, I suspect that nothing is what it appears!
That conspiracy theory mind of yours must be working overtime these days.
Well maybe just a bit!