I don't know what to make of this. But SONM's SNM token has been trending up since 0.7 US cents since September 16, 2019. Today's price is 1.7 cents which is more than 100% gains, volume also increased exponentially.
But fundamentally, SONM has no developers now and the proposed DAO is still being worked on. Who pumped this? Insiders or just pumpers? Who pumps in a bear market?
Maybe someone believes Voronkov has been negotiating with some big investors who want to invest in DAO.
Possibly or maybe old investors that exit during high price wants to re enter again on cheap price. SONM still has a lot of potential to get big investors onboard. I still holding some of this token that I get during bounty campaign. I believe that SONM can still move through this bear season.