sorry for the noob question, and maybe this isnt the right place to ask but... can anyone please explain to me how this coin made it up to almost 8000 satoshi and it got driven back down to the neighborhood of 4000.
Volume mate, if on the buy side there are less people than on the sell side, you will lose the gain. Now price is stable around the 5k mark. But it has today top volume and biggest gain on bittrex so a lot of people will see that and hopefully will increase the volume today.