I don't think maintenance should create panic sells although a lot of people don't know what exactly means and start to sell. Usually the coin come back to normal trades after some time .
The only thing that could cause panic sells is a coin to be delisted in a crypto-exhange platform (happened to poloniex in end of April which made a delist of i think 18 coins) .
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Actually, from what I gather around, poloniex has maintenance mode on SBD for many days (don't know for how long), and people are selling to (hopefully) get out of poloniex.