It's pump as well as redistribution (teaking from weak hands). There is only 15Mil of coins so supply is limited, compared to some other PoS coins price is low. Imagine you can buy BC for 6500 - 7000 sat would you buy it? That is how it is right now with CINNI. I bought at 3600, 5300, 8900, 14000, 17000 and I'm still buying