XPL drops ninety points from its all-time high. What does this number signify?

It's ironic to say that this project, which was once born with a golden key, under the banner of Tether endorsement, aimed to overhaul the stablecoin trading infrastructure. But now, investors are facing their account balances rapidly shrinking. Cases of losing the initial capital in large amounts are becoming common, and many are beginning to suspect that they have become the liquidity exit for the project team.

After spending a long time in this circle, one knows that a decline of ninety percent is never just a string of numbers. It represents those investors who stubbornly hold on, every sleepless night, every heartbeat while refreshing the screen, family disputes, and the collapse of trust. Some lie to their families, claiming they got caught in stock trading; others have gone from full faith to confusion.

The key question is: why can a project backed by major institutions fall so hard? Is it liquidity exhaustion? Market confidence collapse? Or are there fatal flaws in the project's infrastructure?

This avalanche of XPL is not an isolated case; it reflects the fragility of the entire stablecoin sector under pressure. Compared to some leading exchanges launching stablecoin products, XPL's performance is indeed less resilient than expected. What investors need now is to analyze calmly, rather than continue to hold in ignorance.