This is echoing Bitcoin where the Chinese came rushing in all at once throwing in huge sums. A lot of that money came from funds and margin trading. What was the end result? An epic pump to $1200 and then a slow crash down to $500.
It seems like the Chinese are starting to learn about alternates and are pulling the same trick with BitsharesX. Who pumps $2 million into a coin overnight before bitAsset even comes online? That's the same pump technique that people were using when targeting Doge for several months and maybe that explained NXT's pump back in May-June.
You really think it's everybody in Shanghai and their Grandmother buying BitsharesX? Probably not, this is a pump likely being done by a few private funds and other organized groups.
I don't know and neither do you, this is the realm of speculation indeed. I know that Chinese investors are smart. A market correction could definitely be around the corner or it might as well grow further, the market seems to be pretty stable so far above the $50M cap despite the massive growth. BitShares technology undoubtedly has great potential, the question is
when to acquire one's position. Freedom of choice.