Market manipulated that's all I can think about as their are some whales that just like manipulating the market for their own gains. It could be the whale has bought alot at that price $0.39 and then he was trying to manipulate the price to $1 so he can sell off all his bag and make lots of profits. It could also be an innocent trader that didn't know that the market is being manipulated and he bought at that price hoping that the market was about to start pumping. This is why I don't buy tokens that are listed newly because they're always very volatile and alot of manipulation takes place. It's the lost to those that bought at $1 as the token might never go back to that price and they have to keep holding.