These are the consequences when one person @ned decides to sell, all that talk about decentralization was just a marketing trick, dpos proved to be a flawed system, specially if you include premined coins.
What can I say this was the worst imaginable start of new partnership, witnesses did a radical move with softfork, steemit inc did even more radical move with voting in new witnesses. The trust is ruined for sure on both sides.
With all this going on I have a legitimate fear that I wasted almost 4 years of my life on this blockchain. Things will calm down as they always do, but being an active Steemian during these days of radical moves is not easy at all.