I have seen several of these tokens, how is this even possible?
There can be one explanation for this, and that is manipulation. Whales manipulate the market of those tokens by creating a lack of supply by accumulating most of the tokens on the market. So after the whale accumulation the project price already shot up and got speculators eyes. They push the price further because there isn't much supply left in the market so even a few percent of high cash inflow pushes the price higher than expected. If you don't know how they play this game you should stay away from this token otherwise you can lose a lot of money.