It's just a huge scale pump and dump tbh, most of buyers are from Korea, ain't that suspicious? It's not like cash from BTC is flowing into BCH.
If they can make Bitcoin Cash succeed by surpassing the value of Bitcoin highest peak last week then it is a clear message to everyone that cryptocurrency can be manipulated by Giant Whales. They decide whether pump or dump.
So so true and the result of this will just be that people lose the whole trust in cryptocurrencies.