Nearly 2 hours ago, CatoCoin reached 32k satoshi in Crypto Bridge exchange.
Total volume last day looks good, which summed up to more than 3 BTC.
It probably came from greedy investors who wanted to jump immediately into CatoCoin project, wanted to buy more coins for their masternodes.
They did not care about price.
Anyway, it has shown that lots of investors wanted to invest their money into CatoCoin, which is actually a good project.
Trading is like a mind game. Some will entice others to trigger "fear of missing out" and then dump their holdings. It is difficult to predict how prices will move, whether they continue to go higher or fall right back from where they started.