Matic's price was nearly 0.39 USD and someone paid up to 1 USD per token and then the price went down to normal price again.
This isn't something new of course, I have seen it many times but I don't really understand why such spikes happen. Why would someone pay $1 on Matic when he or she could buy tons of it for only $0.39?
Your chart is 15 minutes chart. I want to use 1 second chart but it was difficult for me to scroll back to the beginning of the chart. So I use 1 minute chart. If you use 1 second chart, you will still notice something similar that it would be done in a way that no one will neither gain nor lose. This isn't something new of course, I have seen it many times but I don't really understand why such spikes happen. Why would someone pay $1 on Matic when he or she could buy tons of it for only $0.39?
That price increase will occur at the start of trading and it is fake than what the exchanges let you see. Nobody will be able to buy and sell at that high price.