This is the worse situation when it bullish market, coins with no genuine use case, potentials and utility will make a ridiculous surge in price the next thing you'll see is hype follower investors buying the coin for some quick profit whereas the bubble will burst sooner or later.
I check CMC today either, I also saw the coin and I was amazed by some new coins that claimed the top #100 slot on CMC
Yeah, right now just any coin can surge among the ranks at coinmarketcap and recently I also see shiba inu token making waves all around the market but when I joined their telegram and tried to understand what this token actually does because their website just thinks it is a dogecoin killer, I got some horrible replies with everyone promising shiba to the moon while none having the requisite knowledge of how to answer a question and even deleted a few posts which asked questions and raised concerns.
That's the problem we have in a bullish market and that promised the coin to rise to the moon are hired by the project and they called Shiller's, their only job is to say something positive that are mostly not real about the project and also report any question that may raise a red flag about the project that the reason why some of your few posts are deleted.
Finally I was able to understand that it is another decentralized swap like uniswap, at least that's what it does from my understanding of it. Now we are seeing new coins like OP said ICP and there are going to be new coins almost every now and when on the top of the list at CMC because someone is manipulating the whole market it seems.
The purpose of the Shiba Inu team was not to create a decentralized exchange like uniswap, that part was supplementary and if you read the purpose of the coin creation as writing on CMC you'll know it was created as Dogecoin killer and to unity Shiba Inu dogs lover.