Cryptocurrency is a global market there's always a huge gain for every crypto that's the needed fundamental concept, utility, potential, and use case needed by the investors. There's nothing about a Chinese or American coin pump.
Although, the Chinese may want to create some hype through their false analysis just like they used to do then with NEO but the effect will only last for some time.
There is truth to that Hongkong opening its gate for cryptocurrency adoption though, it could be a catalyst from the East to make the bull run for crypto which might just be the first in history where the bull run will be led by the Eastern countries.
The only project that I have seen with so much exposure is the Vechain. But the one with much potential is the FIlecoin. It's a bit worrisome to invest though because right now it's only BTC that has higher price fluctuation.