I believe that this is a final pump before we touch $2,000 levels. Bitmain is buying a bunch of BCH in order to successfully file for IPO, due to their existing poor earnings report. Some kind of manipulation is occurring right now, and I believe it will not sustain.
Check out this article I wrote hereBTC BTC BTC1.I though that BCH no longer exists,it's replaced by the two forked coins (BSV and the other one,I forgot it's name).
2.Buying "BCH" or any other altcoin has nothing to do with launching an IPO.Why do you think there's a connection between buying altcons and IRO.Buying a bunch of altcoins won't improve the poor earnings report of Bitmain.