It's not about the price of the tokens. I would like to emphasize that high valued tokens/coins DOES NOT REPRESENT THEY ARE GOOD TECHNOLOGY. Look at the price of their tokens/coins in the market, but they keep failing for the past 2 years and some are just starting up and failed right away before and after their launch with 2 MAJOR PROTOCOL BUGS. I am talking about EOS here, very disappointing.
It is some what true, because the altcoin market lately has been heavily manipulated by the pump and dump strategy, but that is not always the case because i feel like the whole token and ICO have been like that since the beginning, people just invest in them when they are popular and good and as soon as they go on exchange they rush toward selling them, no matter how good or bad the coin is in terms of utility or the project that is supporting.