Yeah, ETH got really dumb yesterday, too. According to my widgets it hit like $8.99 on Kraken for a little bit.
My personal opinion is that this is the sort of thing that happens when pie-eyed computer scientists create something untraceable with real cash value - I mean, this is the biggest theft since a guy named Jed, who wrote some software called "eDonkey2000" used his side project (Magic The Gathering Online eXchange) to lose Four Hundred and Fifty Flipping Million Dollars in value. That's half the build cost of this thing:
Or two of these:
Or one of these:
Eventually, the big boys will come in to purge the universe of all this (highly successful) amateur-hour Superman III bullshit but in the meantime, Ethereum ends up the number two and number three largest currencies by market cap because a pissing match betwixt coders ends up generating a quarter billion dollars.