Huge volume of short term gamblers buying in, hoping it would surge to $1,- or more, the moment the protocol would come uit. They got disappointed and are selling. Minor setback if you ask me.
Fact is, this relatively small coin (I believe there is only one dev in the team) has managed to roll out their protocol, als promised. It was rushed, will not be perfect yet, but they/he delivered (with the whole XVG-community watching every modification they made, and despite de huge fudstorms and pump and dumps that have been going on the last few days). Verge will bounce back. Is has a lot of potential, I believe. And Haejins Jaws of Wealth do look promising indeed.