I was trying to bring in XY data into ArcMap but it is not projecting correctly. I have the coordinate system set in the map, so it automatically applies to the data that I bring in. I have never had issues when using this map before, but recently when I brought in some x,y data, it refused to project properly. I tried looking it up and visiting other topics on similar issues, but unfortunately nothing worked. I tried using the project tool to reproject it to the Projected coordinate system, but the extent still makes it seem like it's in a geographic coordinate system, and I am not sure why.
Layer with the correct coordinate system:

Layer having issues projecting:
