Usually when the new token goes to the exchanger - immediately the dynamics of increased, people try to make money on it.
Well, as practice shows, the price for a long time does not remain stable, because speculators trade. Thanks to speculators, the value of all cryptocurrency is now kept at a high level.
I would not say that this is a very high level, if we compare the cost of last winter, then we are now at the bottom. I think that now there is just an ordinary correction, nothing unusual.