That is Bitconnect.......Not Bitcoin Cash. I wonder if the ex-Bitconnect members are self perpetuating this coin. What do you think?
I have no idea too but the sure thing here is the whales behind it did took profits and now possibly that they are starting to make another batch of taking profits by pumping this coin with the money they took before it started to go down. I don't know why they are keep on supporting this scam, it's a scam coin, it's a ponzi.
some whales are trapped
They can't get out of it because they made a big investment on it so they do this.. yeah you're right.