Having so much sitting out on the exchanges isn't helping for sure. I feel like it was a mistake allowing that in the first place. Greymass was so easy to use, I am not sure why more people haven't used it. I do think that another of the issues deals with lack of skill. I think you have more unskilled investors that didn't really realize what they were buying. They heard all the hype about EOS and bought some without understanding they need to take an active part in it. Granted, those are going to be some of the smaller holders, but still, it all adds up...
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Yeah, many people out there are breaking investing rule number one: don't buy things you don't understand. Then they get mad at the technical people for not making it easier for them to understand.
For sure! It boggles my mind to sift through reddit and still see people that are asking about registering their EOS or getting it staked to vote.