As you can see this coin has risen 600%, the coin is only listed in Crex24 which is another home of scam coin. Don't invest your money on this sick scam coin. Check the image from Crex24 too. All the order is very small which are created only to pushing the price by DEV team or a group of people. Most coin listed in Crex24 are scam mostly. Stay away. Happy trading 
woohooo, it looks like Dev and his team are manipulating trading volumes to make it look attractive on Coinmarketcap. the fact when looking at the market turns out that the buying and selling volumes are very low, very different from the appearance at Coinmarketcap. must be very careful in choosing altcoin to be traded.this reminds me of Coinsbit earlier this month, the dev manipulated the volume of price trading, when people followed it suddenly dev canceled the buy order and dumped the price blindly lol. in other words the scheme as you described is similar to what i've seen and really a scam.