Although good value, but no liquidity, this is a shitcoin. Because when a small amount of coins is sold off, the value will plummet. I think this only happens to small exchanges, and it's a terrible project.
if i remember it correctly you can do that in etherdelta , you can buy direct at high price without buying any set orders.
You can fake selling and traders will notice and visit the coins and then they will see that its just a fake trade to confuse holders that there are buy attempt.