This is a typical pump, during which scammers select a dead coin in advance, buy it, and then, through various sites and channels, report that at a certain time there will be a sharp jump in price, thanks to which it will be possible to earn. This usually ends up with the price going up, scammers selling their coins sharply, and the rest of them losing money.
To get returns of 1000% and higher the alt coins need to drop first of all. Any new coin with an active market is very very unlikely to make jumps of such high returns. We usually see such kind of behaviour in not active markets where all the investors just forgot about the coin. If there are not a lot of traders in such a coin, the price can jump very fast with a small amount of trades.
A good indication of how the coin is behaving is to look at the volume traded in that coin the last 100 days. If there is literally no volume and then just in the day of the huge price jump, the behaviour look manipulated and I would not recommend in investing into such coins.