I would assume some people tried to do the PnD, given its relatively low supply on exchange. I have my tokens locked on private wallet, as I assume how lots of other holders too, which really made soma prone to volatility. A surge of interest upon launch will hopefully help solving this case
Seems a desperate attempt to hype the price because of the nearing release of their platform. Or probably someone FOMO'ed and buy the token aggressively in the market. Same goes to the other token I am following, one of the member of the group got a FOMO and bought the token from 600 sats to 800 sat, while the normal trading price is around 600+ sats.
No one wants to buy/sell this token. There are 2.6 million tokens on cryptopies and until this exchange opens, no one will pull the price up. On latoken no liquidity and trading. This exchange is washing up the volume. I am surprised why you do not see it!? On this exchange, there were never purchase orders for 0.00021 ETH. If you pay attention then the maximum is 0.00016 eth. The exchange artificially shows a rise in price, but there are no buy orders. I do not know how to explain this to you because English is not my native language.
The difference between buying and selling is doubled. The exchange buys orders from itself by 0.000011btc and thus shows that the price is rising. The next day they sell at 0.000005 and show that the price falls. Bring volume to more than 50 thousand dollars so that this token was shown on the CMC by the Gainers & Losers
But if we look here we will see that there are no transactions.
https://ethplorer.io/address/0x63b992e6246d88f07fc35a056d2c365e6d441a3d#pageSize=100
I only see someone collecting 1.3 token from different wallets. Probably when the team handed out free coins someone registered several hundred wallets and now collects all the coins in one wallet
