I think it is a normal pump of this coin, verge is a good coin that has a great roadmap ahead in this coming months, so despite all of the FUD’s and negative news in cryptocurrency it will go up because of its ongoing projects in this coming months and aside from that it has a good community supporting this project. This are the cause why it is in the trend.
If the price is pumped to double or triple of current price, I will sell most of my coins.