higher average cost base is a good thing
Many of those short term early investors had an average share price below $1.00. They ahve taken profiits as they sold arounfd $2.20. Profit taking is good, but it also caused the share price to drop a bit. The good news is that all of the new share holders have a base price of $2.20 and will "push, hold and promote till they also see a large return (say $4.40).
Selling and rebalancing is always a good sign for long term growth.
However those (like me) that are in the stock for the long term are going to do great. My target sale price is $20.00