Whats with xlb losing over 50% of its value in a few hours? i know it has gained a lot in 2 weeks but this recent drop looks dodgy. Doesnt inspire confidance.
Actually you are wrong. You cannot say XLB lost 50% of it's value because it only traded at that level for less than three hours. It is obvious there was panic buying that was followed by a small sell off. This happens with every coin and XLB is no exception. However, the new floor seems to be around 10,000 sat. That means XLB price increased over 100% in one night and 1150% in one week.