Some people in the comments are talking nonsense. There were three announcements, folks.

First, there was the announcement of the merger between $AGIX , $FET , and $OCEAN , which caused the tokens to start dropping. Then, they announced the merger would happen in May. Let me repeat: May.

They postponed the merger from May to June without explaining what was happening. This discourages short-term investors and possibly long-term investors as well, who become uncertain and doubtful.

You need to understand that for those with a lot of capital, any 10% to 15% fluctuation can cause significant losses. That's why they pull out to avoid the risk of a drop on the day of the merger.