It would be interesting to know if anyone actually purchased, the value was probably within that range for only a few hours or less and could have been a failed attempt from a whale to manipulate the price by selling through bot accounts; This would definitely have moved the price greatly due to the insignificant market cap, but it is possible no one actually purchased at that value.
This is one of the risk in investing on new coins and tokens, they are gambling.
Lots of existing coins would also be gambling and there is a huge risk of a pump and dump, just make sure you do not buy into fomo.