It looks like it.
1. Create ScamCoin and pre-mine 1000.
2. Now sell one to your best friend for $1000 = Current marketcap $100,000.00!
3. Next have your friend sell it back to you for $2000 = current marketcap $200,000.00 = 100% growth per day!
Now I have a coin that blows bitcoin out of the water on paper. Of course it is actually worthless, but if I can convince a few people otherwise I can sell my pre-mined coins and just walk away from the project. Remember that the "problem" most alts are trying to solve is the problem of you having money that a scammer wants.
Interesting breakdown of what's behind the scene. I don't know how it works with alts but, you seem like you've orchestrated something like this lmao jk