XPL chart is mainly a consequence of how well marketed the token was leading up to tge fooled everyone into believing “tether chain” story and great market conditions with BTC at ATHs led to retarded valuation
At 1.5-2b FDV makes sense as a buy iwo, some consolidating first
For instance, if it launched at 5-6 b (premarket price)and dropped to 2b when the entire market nuked, no one would have batted an eye
The 3x pump at tge left a bitter taste in people’s mouth who bought the top (literally everyone it seems)
Also its increased my confidence in this trade now that people shit on anyone mentioning it/engagement people get for shitting on it, as opposed to couple weeks ago literally everyone was trying to buy a dip
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