Edit: Theyre up like 80% today, wtf.
The community is fracturing (my assessment after spending time on their slack and talking with others). Kevlar is trying to take the project in a different direction, but from last I know he was not wanting to create a new coin, but instead "hijack" (for lack of a better term) the existing Feathercoin (which I don't think will fly with Pete or any of the other long time hodlers). Mirrax may chime in on this as well.
There have been some pretty heated slack sessions over the past month, so much so the forum was shut down for a bit and a new slack was created. It will be interesting to see how this progresses.