It appears to have been listed not long. I can see that the 24 hrs change is quite high with about 300%, so I guess those who had the token before the listing were really excited, or even recent investors. The price is looking not bad as well. But I am confused about the claim that there was no presale nor team allocation and that all token are circulating supply. How is that possible? Did they airdrop all the tokens? Or what?
That is the reason for the price surge that you may have seen, alot of happening in the memecoins market right now, and alot of teams are coming up with mechanism just to execute their desired plans on the long run, I think majority of them just use such terms to get the attention of investors and that why trading on those coins are higher risk than trading other coins in the market the reason is because this kind of coin are easily pumped and dumped at will.
Because there is no possible way, a coin can claim to be no pre sale or team allocation and yet the coin is in the market, so who holds them and who is trading them.
Most of the memecoins have like 2 real trader's and 100 bots trading Al with fake volume and price, all blown up just to get to the gullible investors who may likely believe what is displayed on the market.